Technological progress and economic analysis from Petty to Smith
Both William Petty (1623 to 1687) and Adam Smith (1723 to 1790) were concerned with the question of how to increase productivity. In this connection, they both addressed the issues of technological invention and the organisation of the production process, but in very different ways. Petty represents both these aspects of the productivity question as instances of another, conceptually dominant, consideration�-�the benefits of spatial compactness. Smith, in contrast, subordinates both technical and spatial considerations to the division of labour, thus narrowing the focus onto his central message that productivity can ultimately only proceed in step with the extension of the market.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 17 (2010)
Issue (Month): 5 ()
|Contact details of provider:|| Web page: http://www.tandfonline.com/REJH20|
|Order Information:||Web: http://www.tandfonline.com/pricing/journal/REJH20|
When requesting a correction, please mention this item's handle: RePEc:taf:eujhet:v:17:y:2010:i:5:p:1149-1168. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Michael McNulty)
If references are entirely missing, you can add them using this form.