The Wealth of Nations has a biblical quality to it, not least because Smith had a particular genius for presenting complex ideas in the form of neat parables similar in structure to those that were issued from church pulpits across the land every Sunday.
Related Quotes
I was puzzled. Not trying to be clever or correct him, I raised my hand and said that Jesus did not speak English: the Bible was a translation. My comment elicited laughter from the class and a sheepish silence from Smith. Then he gave us a short sermon on willingness to learn. Remember you have come here to learn, not to teach. Or do you want to change places with me? he asked, holding out the chalk to me. There was tense silence. He now explained that he was talking about the King Jamesâauthorized translation of the Bible, which had inspired many writers of English prose and poetry. It had excellent English, for those who wanted to learn. Smithâs testy response froze questions and differing perspectives.
Turnbullâs descriptions of BaMbuti life evoked something of the deep logic that shaped how foragers thought about scarcity and about work. First, they revealed how the âsharingâ economies characteristic of foraging societies were an organic extension of their relationship with nurturing environments. Just as their environments shared food with them, so they shared food and objects with one another. Second, they revealed that even if they had few needs that were easily met, forager economies were underwritten by the confidence they had in the providence of their environments.
But he was intrigued by the fact that all immediate-return societies also spurned hierarchy, did not have chiefs, leaders, or institutional authority figures, and were intolerant of any meaningful material wealth differentials between individuals. He concluded that foragersâ attitudes to work were not purely a function of their confidence in the providence of their environment, but were also sustained by social norms and customs that ensured food and other material resources were evenly distributed. In other words, that no one was able to lord it over anyone else. And among them, one of the most important was âdemand sharing.
The fact that the Roman economy was sustained by what were, from the point of view of most citizens, intelligent working machines posed some similar economic challenges to those posed by large-scale automation. One of these was wealth inequality.
Thus, while those who are very wealthy like to believe that they are worthy of the financial rewards they have accrued, many poorer people donât want to mess with the dream that they too might achieve such riches if only they work hard enough. For them to concede that perhaps the system was stacked against themâthat money had become far better at begetting more money than working long hard shiftsâwould be tantamount to abandoning their sense of agency and their cherished beliefs that what made their countries different was that anyone who worked hard enough could be whatever they wished to be.