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An Inquiry into the Nature and Causes of the Wealth of Nations

Adam Smith · 1776

passage 12 of 725 · BOOK I. OF THE CAUSES OF IMPROVEMENT IN THE PRODUCTIVE > CHAPTER II. (1/2)

in brief
He explains that the division of labour is not designed by human wisdom but arises slowly from people’s propensity to truck, barter, and exchange goods.

OF THE PRINCIPLE WHICH GIVES OCCASION TO THE DIVISION OF LABOUR.

This division of labour, from which so many advantages are derived, is not originally the effect of any human wisdom, which foresees and intends that general opulence to which it gives occasion. It is the necessary, though very slow and gradual, consequence of a certain propensity in human nature, which has in view no such extensive utility; the propensity to truck, barter, and exchange one thing for another.

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topics: fate, destiny, and necessity · trade, markets, and merchants

An Inquiry into the Nature and Causes of the Wealth of Nations · Adam Smith · 1776