Two- and Half-Centuries of Equilibrium Economics: Adam Smith and the Evisceration of the Spatial Dimension from the Theory of Production
<p>Two concepts of Smith sealed off the relevance of the mercantilist and physiocratic traditions. Both concepts involve, although in different ways, the evisceration of the spatial dimension from the theory of production. The first, the division of labor, identifies the source of productivity...
محفوظ في:
| المؤلف الرئيسي: | |
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| منشور في: |
2025
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| الموضوعات: | |
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إضافة وسم
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| _version_ | 1864513551170797568 |
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| author | Elias L. Khalil (20518877) |
| author_facet | Elias L. Khalil (20518877) |
| author_role | author |
| dc.creator.none.fl_str_mv | Elias L. Khalil (20518877) |
| dc.date.none.fl_str_mv | 2025-02-01T00:00:00Z |
| dc.identifier.none.fl_str_mv | 10.1016/j.strueco.2025.02.016 |
| dc.relation.none.fl_str_mv | https://figshare.com/articles/journal_contribution/Two-_and_Half-Centuries_of_Equilibrium_Economics_Adam_Smith_and_the_Evisceration_of_the_Spatial_Dimension_from_the_Theory_of_Production/28546613 |
| dc.rights.none.fl_str_mv | CC BY 4.0 info:eu-repo/semantics/openAccess |
| dc.subject.none.fl_str_mv | Economics Economic theory Human society Development studies Division of Labor Productive/Unproductive Labor Mercantilism Physiocracy Neoclassical Economics Economies of Scale Capital Accumulation Sir James Steuart Nicholas Georges cu-Roegen (the Entropy Law) Joseph Schumpeter Piero Sraffa Exhaustible and Environmental Resources Matter/Energy Flows Regional Heterogeneity Entrepreneurship and Innovation Protectionism |
| dc.title.none.fl_str_mv | Two- and Half-Centuries of Equilibrium Economics: Adam Smith and the Evisceration of the Spatial Dimension from the Theory of Production |
| dc.type.none.fl_str_mv | Text Journal contribution info:eu-repo/semantics/publishedVersion text contribution to journal |
| description | <p>Two concepts of Smith sealed off the relevance of the mercantilist and physiocratic traditions. Both concepts involve, although in different ways, the evisceration of the spatial dimension from the theory of production. The first, the division of labor, identifies the source of productivity and wealth while disregarding regional heterogeneity. This disregard produced an equilibrium economics that is, at first approximation, ill-equipped to explain the necessity of the state to protect its region, i.e., the ubiquity of protectionism. The second concept, the productive/unproductive labor distinction, specifies the source of steady growth while disregarding the environmental degradation arising from such growth. This disregard generated an equilibrium economics that is, at first approximation, ill-equipped to explain the necessity of technological and institutional innovations, i.e., the ubiquity of entrepreneurship. To account for both phenomena—i.e., the ubiquity of protectionism and entrepreneurship—we need to incorporate the spatial dimension into production theory.</p><h2>Other Information</h2> <p> Published in: Structural Change and Economic Dynamics<br> License: <a href="http://creativecommons.org/licenses/by/4.0/" target="_blank">http://creativecommons.org/licenses/by/4.0/</a><br>See article on publisher's website: <a href="https://dx.doi.org/10.1016/j.strueco.2025.02.016" target="_blank">https://dx.doi.org/10.1016/j.strueco.2025.02.016</a></p> |
| eu_rights_str_mv | openAccess |
| id | Manara2_cb5dfbca77259c563bc625acb235b6bb |
| identifier_str_mv | 10.1016/j.strueco.2025.02.016 |
| network_acronym_str | Manara2 |
| network_name_str | Manara2 |
| oai_identifier_str | oai:figshare.com:article/28546613 |
| publishDate | 2025 |
| repository.mail.fl_str_mv | |
| repository.name.fl_str_mv | |
| repository_id_str | |
| rights_invalid_str_mv | CC BY 4.0 |
| spelling | Two- and Half-Centuries of Equilibrium Economics: Adam Smith and the Evisceration of the Spatial Dimension from the Theory of ProductionElias L. Khalil (20518877)EconomicsEconomic theoryHuman societyDevelopment studiesDivision of LaborProductive/Unproductive LaborMercantilismPhysiocracyNeoclassical EconomicsEconomies of ScaleCapital AccumulationSir James SteuartNicholas Georgescu-Roegen (the Entropy Law)Joseph SchumpeterPiero SraffaExhaustible and Environmental ResourcesMatter/Energy FlowsRegional HeterogeneityEntrepreneurship and InnovationProtectionism<p>Two concepts of Smith sealed off the relevance of the mercantilist and physiocratic traditions. Both concepts involve, although in different ways, the evisceration of the spatial dimension from the theory of production. The first, the division of labor, identifies the source of productivity and wealth while disregarding regional heterogeneity. This disregard produced an equilibrium economics that is, at first approximation, ill-equipped to explain the necessity of the state to protect its region, i.e., the ubiquity of protectionism. The second concept, the productive/unproductive labor distinction, specifies the source of steady growth while disregarding the environmental degradation arising from such growth. This disregard generated an equilibrium economics that is, at first approximation, ill-equipped to explain the necessity of technological and institutional innovations, i.e., the ubiquity of entrepreneurship. To account for both phenomena—i.e., the ubiquity of protectionism and entrepreneurship—we need to incorporate the spatial dimension into production theory.</p><h2>Other Information</h2> <p> Published in: Structural Change and Economic Dynamics<br> License: <a href="http://creativecommons.org/licenses/by/4.0/" target="_blank">http://creativecommons.org/licenses/by/4.0/</a><br>See article on publisher's website: <a href="https://dx.doi.org/10.1016/j.strueco.2025.02.016" target="_blank">https://dx.doi.org/10.1016/j.strueco.2025.02.016</a></p>2025-02-01T00:00:00ZTextJournal contributioninfo:eu-repo/semantics/publishedVersiontextcontribution to journal10.1016/j.strueco.2025.02.016https://figshare.com/articles/journal_contribution/Two-_and_Half-Centuries_of_Equilibrium_Economics_Adam_Smith_and_the_Evisceration_of_the_Spatial_Dimension_from_the_Theory_of_Production/28546613CC BY 4.0info:eu-repo/semantics/openAccessoai:figshare.com:article/285466132025-02-01T00:00:00Z |
| spellingShingle | Two- and Half-Centuries of Equilibrium Economics: Adam Smith and the Evisceration of the Spatial Dimension from the Theory of Production Elias L. Khalil (20518877) Economics Economic theory Human society Development studies Division of Labor Productive/Unproductive Labor Mercantilism Physiocracy Neoclassical Economics Economies of Scale Capital Accumulation Sir James Steuart Nicholas Georges cu-Roegen (the Entropy Law) Joseph Schumpeter Piero Sraffa Exhaustible and Environmental Resources Matter/Energy Flows Regional Heterogeneity Entrepreneurship and Innovation Protectionism |
| status_str | publishedVersion |
| title | Two- and Half-Centuries of Equilibrium Economics: Adam Smith and the Evisceration of the Spatial Dimension from the Theory of Production |
| title_full | Two- and Half-Centuries of Equilibrium Economics: Adam Smith and the Evisceration of the Spatial Dimension from the Theory of Production |
| title_fullStr | Two- and Half-Centuries of Equilibrium Economics: Adam Smith and the Evisceration of the Spatial Dimension from the Theory of Production |
| title_full_unstemmed | Two- and Half-Centuries of Equilibrium Economics: Adam Smith and the Evisceration of the Spatial Dimension from the Theory of Production |
| title_short | Two- and Half-Centuries of Equilibrium Economics: Adam Smith and the Evisceration of the Spatial Dimension from the Theory of Production |
| title_sort | Two- and Half-Centuries of Equilibrium Economics: Adam Smith and the Evisceration of the Spatial Dimension from the Theory of Production |
| topic | Economics Economic theory Human society Development studies Division of Labor Productive/Unproductive Labor Mercantilism Physiocracy Neoclassical Economics Economies of Scale Capital Accumulation Sir James Steuart Nicholas Georges cu-Roegen (the Entropy Law) Joseph Schumpeter Piero Sraffa Exhaustible and Environmental Resources Matter/Energy Flows Regional Heterogeneity Entrepreneurship and Innovation Protectionism |