Why is wage labor completely incompatible with feudalismis


  • Why is wage labor completely incompatible with feudalism?
  • Is economic life distinctly separate from social and political life?
  • Describe what Smith meant by the "invisible hand". What is the mechanism by which selfish interests are made compatible with--indeed, made the agent for-- successful social provisioning?
  • Can you see a relation between Smith's growth model and his market model? Would the growth model work if the forces of the market did not operate? 

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Business Economics: Why is wage labor completely incompatible with feudalismis
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