Here we go! Tweeting our way through #WealthOfNations! It’s a marathon, not a sprint, so be sure to stretch, stay hydrated, and keep a steady pace. #WealthOfTweets #SmithTweets

That’s one heck of a first sentence, Dr. Smith. No dithering here. The division of labor is the secret sauce that increases productivity. (I.i.1) #WealthOfTweets #SmithTweets
We always forget the pin factory comes this early and that Smith looks at it not because pins are important (though they are!) but because it’s a small industry that you can look at all at once.(I.i.3) #WealthOfTweets #SmithTweets
How many pins can the SmithTweeters make in a day? How bad do you want them to be? (I.i.3) #WealthOfTweets #SmithTweets
Do you think the pin guys were all “Dude, we let you observe our work, told you how many pins in a pound, showed you every step in the process...and you call us a ‘trifling manufacture’? Not cool, Smith!” (I.i.4) #WealthOfTweets #SmithTweets
Agricultural work can’t be as improved by the division of labor as other work, so it’s less likely to make a nation wealthy. Modern mechanization of farming may have changed this, but there’s no escaping the seasonal nature of the work. (I.i.4) #WealthOfTweets #SmithTweets
Okay, we are from the Midwest so we were startled to learn that when Smith talks about corn he means “the main cereal crop of a particular place.” Could be wheat, oats, or whatever. He’s not talking about corn on the cob. (I.i.4) #OhioProblems #WealthOfTweets #SmithTweets
Division of labor improves productivity 3 ways. (I.i.5–8) #WealthOfTweets #SmithTweets

1.We get good at one thing. (SmithTweeting!)
2.We don’t have to switch tasks. (It's why we don’t RousseauTweet...or is it?)
3.We make better machinery. (Hand delivering tweets? Exhausting!)
Should we be sorry for or proud of the kid who was so smart that he invented his way out of a job? (I.i.8) #WealthOfTweets #SmithTweets
A little shade, a little praise. It’s Smith on philosophers!. They don’t exactly DO anything, but they see the connections between things that other people don't. (I.i.9) #WealthOfTweets #SmithTweets
Division of labor means we all get more productive, which means (if our society is well governed, which is a very big 𝐢𝐟, we know) we all get better off, even the least well off among us. That’s the secret sauce.(I.i.10) #WealthOfTweets #SmithTweets
WE LOVE THIS PART! 😍 The magic of the market: turning division of labor into worldwide cooperation among strangers to produce a woolen coat. People who see markets as only cutthroat competition need more Smith and need this bit specifically. (I.i.11) #WealthOfTweets #SmithTweets

More from @AdamSmithWorks

OK. Chapter 7 of Book 4 of #WealthOfNations is tough going. It's long. It's serious. It's all about colonies.

We can take comfort, though, in knowing that the chapter #AdamSmith says is about colonies is, in fact, about colonies. (IV.vii) #WealthOfTweets #SmithTweets


Colonies were a vexed subject when #AdamSmith was writing, and they’re even more complicated now. So, before we even get to the tweeting, here’s a link to that thread on Smith and “savage nations.” (IV.vii) #WealthOfTweets


The reason for the ancient Greeks and Romans to settle colonies was straightforward: they didn’t have enough space for their growing populations. Their colonies were treated as “emancipated children”—connected but independent. (IV.vii.a.2) #WealthOfTweets #SmithTweets

(Both these things are in contrast to the European colonies, as we'll see.) (IV.vii.a.2) #WealthOfTweets #SmithTweets

Ancient Greeks and Romans needed more space because the land was owned by an increasingly small number of citizens and farming and nearly all trades and arts were performed by slaves. It was hard for a poor freeman to improve his life. (IV.vii.a.3) #WealthOfTweets #SmithTweets

More from Society

Imagine if Christians actually had to live according to their Bibles.


Imagine if Christians actually sacrificed themselves for the good of those they considered their enemies, with no thought of any recompense or reward, but only to honor the essential humanity of all people.

Imagine if Christians sold all their possessions and gave it to the poor.

Imagine if they relentlessly stood up for the widow, the orphan, and the foreigner.

Imagine if they worshipped a God whose response to political power was to reject it.

Or cancelled all debt owed them?

Imagine if the primary orientation of Christians was what others needed, not what they deserved.

Imagine Christians with no interest in protecting what they had.

Imagine Christians who made room for other beliefs, and honored the truths they found there.

Imagine Christians who saved their forgiveness and mercy for others, rather than saving it for themselves.

Whose empathy went first to the abused, not the abuser.

Who didn't see tax as theft; who didn't need to control distribution of public good to the deserving.

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