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What are Smith's ideas about an individual's economic role in a society?
Wiki User
∙ 9y ago
Adam Smith said that the interest of the laborer is connected to society, but the laborer is incapable of understanding that connection or how society is connected to him. As a laborer, he has no time to learn this connection or the education to understand it. Then it is the landowner that is the best economic agent and who is best able to understand his own self interest and the bettering of his economic position. Additionally, an individual must not rely on benevolence in the market, but must learn to position themselves so that other agents are persuaded that to act in the individual's interests is also in their best interest.
Wiki User
∙ 9y ago
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