Wednesday, April 2, 2014

Interlude: Ice-T vs. Adam Smith

An exercise in analytical moral intuition. Please reconcile the following:

1) "As it is the power of exchanging that gives occasion to the division of labour, so the extent of this division must always be limited by the extent of that power, or, in other words, by the extent of the market. When the market is very small, no person can have any encouragement to dedicate himself entirely to one employment, for want of the power to exchange all that surplus part of the produce of his own labour, which is over and above his own consumption, for such parts of the produce of other men’s labour as he has occasion for."

2) "Pimpin' ain't easy"

references
1) Adam Smith, Wealth of Nations Book I ch. 3 (1776)
2) Ice-T album "Rhyme Pays" track titled "Somebody Gotta Do It (Pimpin' Ain't Easy!!!)" (1987)

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Do you have suggestions on where we could find more examples of this phenomenon?