First Advisor

John B. Hall

Date of Award


Document Type


Degree Name

Bachelor of Science (B.S.) in Economics and University Honors




Adam Smith (1723-1790), Division of labor, Economic development, Economic policy




This inquiry seeks to establish that Adam Smith relies upon his books The Theory of Moral Sentiments [1959] and An Inquiry Into the Nature and Causes of the Wealth of Nations [1776] as complementary texts to introduce and develop his ideas. We will begin with a background of economic thinkers prior to Smith. After summarizing an example of this division of labor by Adam Smith, we will delve into the benefits of the division of labor: more skilled workers, time efficiency, and the invention of proper machinery. Similarly, we will examine the implications brought by this division of labor with an analysis of the connection between both of his books. Current scholars will be briefly discussed as they interpret the meaning of Smith's work. Finally, we will look at post-Smithian thinkers in Classical Political Economy.


In Copyright. URI: This Item is protected by copyright and/or related rights. You are free to use this Item in any way that is permitted by the copyright and related rights legislation that applies to your use. For other uses you need to obtain permission from the rights-holder(s).

Persistent Identifier