IASS 2025

Session

E.3 SESSION: DIVISION OF LABOR, REVENUE AND COMPETITION

29 Mar 2025, 09:10

ROOM 3

67. Service in Kind: A Rethinking on Smith’s Thought on the Division of Labour

Chenxi Gao

29/03/2025, 09:10

This research offers a novel interpretation of Smith's theory on the division of labour by examining its intricate relationship with his conceptualisation of 'services'. Whilst scholarly attention has traditionally focused on Smith's treatment of the societal division of labour, this research illuminates the theoretical significance of his analysis of manufacturing division of labour as...

23. Gross and net produce in the Wealth of Nations

Mauricio Coutinho (UNICAMP - Universidade Estadual de Campinas)

29/03/2025, 09:40

In Chapter II, Book II, Wealth of Nations, Smith develops the distinction between the ‘gross’ and ‘neat’ revenue of a country. Taking the rent of an individual estate as the point of reference, Smith generalizes the distinction between gross and net, migrating from the sphere of an individual estate into that of a whole country. The ‘value of the annual produce’ of any country also holds the...

80. Modern economic theory and Smith's analysis of competition

Paolo Trabucchi (Roma Tre University)

29/03/2025, 10:10

The position of modern economic theory towards the analysis of competition carried out by Adam Smith in Chapter VII of the Wealth of Nations is somewhat paradoxical. On the one hand, Smith’s analysis of competition is generally regarded as one of his fundamental contributions, not only to our more general view of the functioning of a market economy, but also to economic analysis in the strict...