Social Sciences and History / Unit 15 SSH 1437 short lesson, about 20 seconds
Adam Smith: Division of Labor, the Invisible Hand, Free Trade
Captions available
The idea
Adam Smith, in the course's anchors: the division of labor; the invisible hand, self-interested behavior leading to positive social outcomes; wealth not finite but created, so all nations can prosper; competition, not government, as regulator; and Locke's property rights extended to free trade, against monopolies and tariffs.
In practice
The Wealth of Nations, seventeen seventy-six.
Where people slip
Four anchors, one figure.
Your place on the trail
Every lesson rests on earlier ones and opens later ones. Tap any to jump.
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