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Essays On Economics And Economic Theory
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Absolute Advantage, Comparative Advantage and Opportunity Cost
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This 3 page paper looks at the concepts of absolute advantage in comparative advantage comparing and contrasting the two. The paper then defines and discusses opportunity cost and considers the way in which this is seen with in international trade theory. The bibliography cites for sources.
Filename: TEabadvtg.rtf
Essay Title: Absolute Advantage, Comparative Advantage and Opportunity Cost

ADAM SMITH AND DIVISION OF LABOR
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This 5-page paper discusses Adam Smith's theory of division of labor, which states that increased productivity is due to specialization. The paper attempts to interpret the theory and demonstrate whether it is a true theory or not. Bibliography lists 2 sources.
Filename: MTadasmi.rtf
Essay Title: ADAM SMITH AND DIVISION OF LABOR

Adam Smith's Division of Labor
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A 6 page paper discussing Smith's account of the origination of worker specialization, or division of labor. It was the worker who devised improvements to make his job easier and more productive. The goal of each small invention was not to contribute to the good of society or to propel the workman into a class of 'genius,' but rather to better individuals' living conditions. Produce more, earn more, purchase more goods to make life more comfortable and enjoyable. It is a common concept today, but new when Adam Smith proposed it in The Wealth of Nations. Bibliography lists 7 sources.
Filename: KS-Smith.doc
Essay Title: Adam Smith's Division of Labor

Adam Smith's Division Of Labor
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An 8 page paper that explains Smith's thoughts on the division of labor and how this leads to a prosperous nation with examples as provided by Smith in Wealth of Nations. This is a work that is more than two centuries old and yet, Smith's words guide the work of contemporary political economists. Smith's influence is discussed along with the reasons why this work has persisted through the years. Bibliography lists 7 sources.
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Essay Title: Adam Smith's Division Of Labor

Adam Smith's Invisible Hand and His General Thesis on Wealth Creation
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This 3 page paper answers two questions in Q & A format. One question addresses Smith's concept of wealth creation and the other explores his "invisible hand" concept. Bibliography lists 1 source.
Filename: SA332WON.rtf
Essay Title: Adam Smith's Invisible Hand and His General Thesis on Wealth Creation

Adam Smith's Theories and Contemporary Political Strategy
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This 5 page paper provides an overview of Adam Smith's theories as laid out in Wealth of Nations. How his ideas relate to modern day Republican strategy is discussed. No additional sources cited.
Filename: SA310WON.rtf
Essay Title: Adam Smith's Theories and Contemporary Political Strategy

Adam Smith's Theory of Value
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7 pages in length. This research paper delves into the conflict of Adam Smith's Theory of Value. When Adam Smith set forth his own Theory of Value it was vastly different from the idealistic view of his forebears. The term "value", in Smith's theory, corresponds largely to what is usually termed "use-value" - the value-in-use of some good. Within this paper we find that this treatment as well does not always advance a theory that is in all ways sound. Bibliography lists 12 sources.
Filename: JGAvalue.wps
Essay Title: Adam Smith's Theory of Value


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