{"id":162363,"date":"2025-07-23T17:17:11","date_gmt":"2025-07-24T01:17:11","guid":{"rendered":"https:\/\/lukeford.net\/blog\/?p=162363"},"modified":"2025-07-23T17:17:11","modified_gmt":"2025-07-24T01:17:11","slug":"the-wealth-of-nations-1776","status":"publish","type":"post","link":"https:\/\/lukeford.net\/blog\/?p=162363","title":{"rendered":"The Wealth Of Nations (1776)"},"content":{"rendered":"<p>1. &#8220;Division of Labor&#8221;<br \/>\nYeah, Adam Smith says dividing labor increases productivity. Which explains why I\u2019m broke\u2014my labor&#8217;s been divided so many times there&#8217;s nothing left but me handing out resumes and emotional damage.<\/p>\n<p>2. &#8220;Invisible Hand&#8221;<br \/>\nAdam Smith\u2019s invisible hand is real. It reached into my pocket, took my dignity, and left me with a Subway punch card and a dream.<\/p>\n<p>3. &#8220;Self-Interest&#8221;<br \/>\nSmith says self-interest drives the market. My self-interest once drove me to date an heiress for three weeks of NYC deli food. It also drove me straight into a therapist\u2019s notes under \u201cemotional parasite.\u201d<\/p>\n<p>4. &#8220;Capital Accumulation&#8221;<br \/>\nCapital accumulation? Buddy, I\u2019ve been accumulating bounced checks and unopened credit card offers. I\u2019m a wealth magnet\u2014just for debt collectors.<\/p>\n<p>5. &#8220;Merchants and Manufacturers&#8221;<br \/>\nSmith warned us about merchants colluding to keep prices high. Meanwhile I\u2019m colluding with DoorDash drivers to sneak me expired sushi for half off.<\/p>\n<p>6. &#8220;Moral Sentiments Crossover&#8221;<br \/>\nSmith also wrote about sympathy and morality. That\u2019s nice. I sympathize with my landlord every month when I explain why Western Civilization needs me more than he needs a rent check.<\/p>\n<p>7. &#8220;National Wealth&#8221;<br \/>\nSmith wanted to grow national wealth. I can\u2019t even grow my crypto portfolio. I\u2019m still holding the Dogecoin I bought at the top like it\u2019s a patriotic duty.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>1. &#8220;Division of Labor&#8221; Yeah, Adam Smith says dividing labor increases productivity. Which explains why I\u2019m broke\u2014my labor&#8217;s been divided so many times there&#8217;s nothing left but me handing out resumes and emotional damage. 2. &#8220;Invisible Hand&#8221; Adam Smith\u2019s invisible &hellip; <a href=\"https:\/\/lukeford.net\/blog\/?p=162363\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[162],"tags":[],"class_list":["post-162363","post","type-post","status-publish","format-standard","hentry","category-economics"],"_links":{"self":[{"href":"https:\/\/lukeford.net\/blog\/index.php?rest_route=\/wp\/v2\/posts\/162363","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lukeford.net\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lukeford.net\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lukeford.net\/blog\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lukeford.net\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=162363"}],"version-history":[{"count":1,"href":"https:\/\/lukeford.net\/blog\/index.php?rest_route=\/wp\/v2\/posts\/162363\/revisions"}],"predecessor-version":[{"id":162364,"href":"https:\/\/lukeford.net\/blog\/index.php?rest_route=\/wp\/v2\/posts\/162363\/revisions\/162364"}],"wp:attachment":[{"href":"https:\/\/lukeford.net\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=162363"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lukeford.net\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=162363"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lukeford.net\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=162363"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}