Wealth of Nations by Adam Smith celebrates 250 years since its publication on March 9, 1776. This seminal book is considered the start of modern economics.
He was a moral philosopher and his book;… | SUPERVIZION
Wealth of Nations by Adam Smith celebrates 250 years since its publication on March 9, 1776. This seminal book is considered the start of modern economics.
He was a moral philosopher and his book; he gave moral legitimacy to earning an honest income by getting profits from professional activities and trade.
Through this, the whole society would benefit collectively. Prices and profits would serve as an “invisible hand” and a guide for society.
Adam Smith was not only interested in economics. He was also interested in the arts.
In the lesser known ”Of the Affinity between Music, Dancing, and Poetry”, Adam Smith analyzed how the art forms are connected. His conclusion was that rhythm was foundational:
· Rhythm organizes sound in music
· Rhythm organizes bodily movement in dance
· Rhythm organizes meter in poetry
Smith thought it was likely that these art forms historically were performed together. Still, music and poetry could exist independently, but dance usually needed music because of the requirements of rhythm. Music and poetry could be combined into vocal music (songs).
The idea of division of labor found in economics was something Smith wrote about in The Wealth of Nations. Perhaps, the picture that Smith painted of how the music, dance, and poetry had been divided into specialized professions within the arts is an expression of this, too.
As the invisible hand guided towards an increased collective wealth in society, Smith thought that this was the key to an increase in the demand for painting, music, architecture, literature, and theater. In other words, business and art have a symbiotic relationship.
Supervizion is a business consulting group that works with economics (business), the arts, and science. Clients in music, dance, literature get advice on business matters and business management of their companies.
