Timeline for Did Adam Smith talk about the non-profit sector?
Current License: CC BY-SA 4.0
6 events
| when toggle format | what | by | license | comment | |
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| Mar 25, 2022 at 9:46 | answer | added | 1muflon1♦ | timeline score: 1 | |
| Mar 25, 2022 at 8:44 | comment | added | 1muflon1♦ | he was talking about how to make country's economy thrive. He was actually focusing predominantly on what public sector (i.e. government) can do to make country's economy successful. There is very little to no business economics in the WoN, and the basic principles such as division of labor apply equally well to non-profits | |
| Mar 25, 2022 at 8:38 | comment | added | Joebevo | I guess I was trying to say that his ideas are more relevant for policies that make the for-profit model thrive (he talks about bakers, butchers, and brewers, etc). Given this, how does one frame policies to let non-profits thrive as well. Is there a sharp distinction between the two kinds of policies or does the same policy that supports for-profits be helpful to non-profits as well? (Sorry, I don't know which branch of economics this falls under, and also, I am looking for rather basic answers, not detailed studies -- that's why I wanted references from Smith). | |
| Mar 25, 2022 at 7:45 | comment | added | 1muflon1♦ | under mercantilism at an expense to consumers) | |
| Mar 25, 2022 at 7:41 | comment | added | 1muflon1♦ | Smith does not offer any new insights on how to run for profit business in his book. Smith was writing about political economy not business management/administration. His work had some description of division of labor in factories, but that was common practice he was just providing some economic explanation for it and then rest is policy discussion of things like trade theory, monetary economics or policy economics which offers insight into how to run country not a business. In fact for a business often opposite lessons would helpful (for example many businesses could earn larger profits | |
| Mar 25, 2022 at 4:25 | history | asked | Joebevo | CC BY-SA 4.0 |