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In an argument that includes "one of the most famous passages in all economics," Smith represents every individual as trying to employ any capital they might command for their own advantage, not that of the society, and for the sake of profit, which is necessary at some level for employing capital in domestic industry, and positively related to the value of produce. In terms of the service sector, it has a stable increasing share of the employment from 28 per cent in 1960 to 54 per cent in 2002.
Pages: 336
Publisher: University of Illinois Press; 1st Edition edition (August 28, 2013)
ISBN: 025207940X
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