Episode 174: Adam Smith's "Wealth of Nations" (Part One)
The Partially Examined Life Philosophy Podcast
Mark Linsenmayer
4.6 • 2.3K Ratings
🗓️ 16 October 2017
⏱️ 54 minutes
🧾️ Download transcript
Summary
On the foundational, 1776 text of modern economics. How does the division of labor and our instinct to exchange lead to the growth of wealth? Is the economy sufficiently machine-like to enable us to manipulate its output, or at least to tell us how not to screw it up?
Transcript
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| 0:00.0 | Partially examine life relies on your support. |
| 0:02.2 | To find out how to help, in ways that are cheap or even free for you, |
| 0:05.5 | check out partiallyexaminalife.com slash support. |
| 0:16.2 | You're listening to the Partially examine life, a podcast by some guys who are at one point set on doing philosophy for living, but then thought better of it. |
| 0:23.0 | Our question for episode 174 is something like what is a wealth, and we read portions of Adam Smith's and inquiry into the nature and causes of the wealth of nations, first published in 1776. |
| 0:34.0 | For more information, please check out partiallyexaminalife.com. |
| 0:38.0 | This is Mark Linton-Meyer addressing myself not to your benevolence, but to yourself love and Madison Wisconsin. |
| 0:43.0 | This is Seth Pascon in Austin, Texas. |
| 0:45.0 | This is Wes Alon coming to you at about 25 cents a word in Cambridge, Massachusetts. |
| 0:51.0 | This is Dylan Casey considering the improvement of my productive powers of labor in Middleton, Wisconsin. |
| 0:57.0 | No guest, crazy. |
| 0:59.0 | Are we supposed to have any comments on with us because we're just too feeble-minded to make sense of this groundbreaking text? |
| 1:05.0 | I'm just saying what some of the audience might say, but no, we're gonna do this. |
| 1:09.0 | We already had any comments on, and he talked like half the time, so we're not doing that this time. |
| 1:14.0 | We're just gonna do our best here, besides which on that strictly economics episode, |
| 1:19.0 | Seth B was a great guest on that. I just listened to that back. |
| 1:23.0 | But he had even rejected this text as being, well, more of historical interest that there were ways that this diverged quite a bit from the way people talk about economics now, but I don't know. |
| 1:34.0 | I saw certainly in terms of investigating where the ideas that are thrown around a lot in the economic realm, in the culture, a lot of it was right here. |
| 1:44.0 | And if they don't have words like zero-sum game and things like that, but a lot of the ideas seem to not be sourced here, we're popular idea, we're still in from here. |
| 1:53.0 | When I read it, one thing that kept coming back to my mind was the Federalist papers that we read, or the Federalist in the Anti-Federalist papers, |
| 2:01.0 | and this sense that there are historical records, but at the same time, an embodiment of a live discussion and critique that's still viable today. |
| 2:12.0 | So I quite enjoyed the reading. |
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