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Rhetoric and logic in Smith's Description of the Division of Labor

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  • Jean-Louis Peaucelle

Abstract

This article analyses the first chapter of the Wealth of Nations, where the division of labour is defined and its effects described. It first shows the rhetoric and logical effects that are used to win the reader's goodwill. Then it reviews nineteenth century debates on the validity of the theory. Finally, it cites three real cases, where the division of labour does not increase the productive power of labour. In conclusion, it suggests that the theory on division of labour appears to require some adjustment, while acknowledging that some of the facts underlying arguments in its support are naturally true.

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  • Jean-Louis Peaucelle, 2012. "Rhetoric and logic in Smith's Description of the Division of Labor," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 19(3), pages 385-408, May.
    • Handle: RePEc:taf:eujhet:v:19:y:2012:i:3:p:385-408
    DOI: 10.1080/09672567.2010.499473
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    Cited by:

    1. Andreas Ortmann & Benoit Walraevens, 2015. "The Rhetorical Structure of Adam Smith’s Wealth of Nations (and the importance of acknowledging it)," Discussion Papers 2014-11A, School of Economics, The University of New South Wales.
    2. Ortmann, Andreas & Walraevens, Benoît & Baranowski, David, 2019. "Schumpeter’S Assessment Of Adam Smith And The Wealth Of Nations: Why He Got It Wrong," Journal of the History of Economic Thought, Cambridge University Press, vol. 41(4), pages 531-551, December.

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