The Question and Answer section for The Wealth of Nations is a great resource to ask questions, find answers, and discuss the novel.
The government is responsible for keeping the market open and free with minimal taxes.
The natural price of a product is what people are willing to pay for it..... what they're willing to pay, is thus, the market price. The two are the same.
Smith used the business of pin making to illustrate the effects of the division of labor.
To take an example, therefore, from a very trifling manufacture; but one in which the division of labour has been very often taken notice of, the trade of...