There are a lot of guides for how to make money on the internet. Most of them aren’t worth mentioning. Often the author greatly oversells the concept, creating wild claims that you can earn $10,000 per month with just a few hours of work each month. In other cases, the author doesn’t have any past […]
Adam Smith’s Definition of Productivity
I recently finished reading Adam Smith’s landmark book, The Wealth of Nations. It was written in 1776 and is widely considered to be the basis of the study of economics. One of the few interesting points I grabbed from the book was how Adam Smith defined productivity. Smith divided up labor into two broad categories, […]
