Professor Guerrero's Blog

mguerrero@gmail.com

Co-author of East of Tiffany's, 13 short stories of a Latino immigrant's success in USA; a journey from West Harlem to Sutton Place and Park Avenue. Check out the reviews in Amazon.com and in Barnes and Noble.

on KINDLE on NOOK

My best seller as of now is

Titanes de la Filosofia

Professor Guerrero's Blog: Adam Smith's Division of Labor Professor Guerrero's Blog: Book Reviews, Human Interest Articles, Accounting Lessons, and Writing Techniques

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Sentence Openers Book: FREE Lessons

Jane Austen  

Boethius: Consolation of Philosophy

How to Become a Writer  

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Self Help, Wealth, & Learning

Greeks Romans Trojans  

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Great Gatsby: Is Nick Gay?

All my books are now in NOOK

Ideas About the Novel is a prophetic book that all writers must own.

Ideas About the Novel by Ortega y Gasset - my translation $0.99


Next to Cervantes, Benito Perez Galdos is the most beloved Spanish writer of all times.

Torquemada at the Stake by Perez Galdos- my translation $0.99

Lazarillo of Tormes - my translation $0.99
Read it in contemporary English -- No Thous, Thees, or King James' Bible language. Transliterated into easy language for enjoyable reading pleasure. Because The Lazarillo of Tormes pointed a new direction, European and American literature benefited with titles that today are considered classics: Cervantes’ Rinconete and Cortadillo; Daniel Defoe’s Moll Flanders, Henry Fielding’s Tom Jones and Joseph Andrews; Tobias Smollett’s Roderick Random, and Peregrine Pickle; Voltaire’s Candide; Charles Dickens’ David Copperfield. And many others to include American works ranging from Mark Twain to Saul Bellow.

Dehumanization of Art by Ortega y Gasset - my translation $0.99
The Dehumanization of Art— is now a constant in music, literature, aesthetics, and philosophy, having come to mean that in post-modern times human-shaped mimesis (representation of the human) is irrelevant to art. According to Ortega, the arts don't have to tell a human story; art should deal with its own forms—and not with the human form.

Sentence Openers
How writers open their sentences makes prose agile, interesting, and athletic. This e-book teaches how to break the pattern Subject-verb-object--and discard openings that begin with nouns, articles, and pronouns.

East of Tiffany's - bestseller $5
With the city as its backdrop "East of Tiffany's" is filled with earnest tales of love, loss, faith, success and morality. While business terminology is interwoven throughout these short stories, it's not business lessons that I take away with me, but life lessons. The circumstances and the characters' profound humanity are relatable despite their zip code . "Luke, Postmodern Man" offers a new vista into faith, suffering, and love of neighbor. Way after you read this book you'll find yourself thinking about the various characters throughout the series of stories and will find solace in their unwavering faith. The narrators' ability to reflect on their hardships with such serenity is inspiring.



My writing was as flat as a sidewalk. And then I downloaded ...

Mary Duffy's Toolbox for Writers
After I purchased Mary's e-book I started to get 'A's in my essays and term papers! Every page is filled with great writing tips, training lessons, and wonderful useful writing skills! Not only do I write essays for college, but also short stories!
--IVONNIE Indrawan
College student
Sentence Openers on KINDLE

Sentence Openers on NOOK













All my books are now in KINDLE


Ideas About the Novel by Ortega y Gasset - my translation $0.99
Torquemada at the Stake by Perez Galdos- my translation $0.99
Lazarillo of Tormes - my translation $0.99
Dehumanization of Art by Ortega y Gasset - my translation $0.99
Sentence Openers
East of Tiffany's - bestseller $5


The most beloved short story from Spanish literature
All my books are in NOOK $0.99 or in Amazon KINDLE $0.99








All my books are now in NOOK

Ideas About the Novel is a prophetic book that all writers must own.
Ideas About the Novel by Ortega y Gasset - my translation $0.99

Next to Cervantes, Benito Perez Galdos is the most beloved Spanish writer of all times.

Torquemada at the Stake by Perez Galdos- my translation $0.99

Lazarillo of Tormes - my translation $0.99
Read it in contemporary English -- No Thous, Thees, or King James' Bible language.

Dehumanization of Art by Ortega y Gasset - my translation $0.99
The Dehumanization of Art— is now a constant in music, literature, aesthetics, and philosophy, having come to mean that in post-modern times human-shaped mimesis (representation of the human) is irrelevant to art.

Sentence Openers
How writers open their sentences makes prose agile, interesting, and athletic.

East of Tiffany's - bestseller $5
With the city as its backdrop "East of Tiffany's" is filled with earnest tales of love, loss, faith, success and morality.



My writing was as flat as a sidewalk. And then I downloaded ...

Mary Duffy's Toolbox for Writers
After I purchased Mary's e-book I started to get 'A's in my essays and term papers!
--Ivonnie Indrawan
College student
Sentence Openers on KINDLE

Sentence Openers on NOOK





Available in KINDLE $0.99


Available in KINDLE $0.99

Friday, June 1, 2012

Adam Smith's Division of Labor


Essay 1 — Introduction to Adam Smith’s Legacy

Like Aristotle, Adam Smith (1723 – 1790) was a polymath (a learned man in many fields) who had an eagle-eye to see an interconnected world. Only a selected minority of talented individuals can probe the depths of the human condition and attain a global vision. Adam Smith was one.
Although today Adam Smith is recognized as the father of political economy, his legacy includes major works on rhetoric, logic, ethics, literature and criticism, astronomy, history, the law, theology and even poetry.
To Smith, labor was the discernible strand that made possible for common people to enjoy the necessities and conveniences produced by a nation. And within that strand, he saw that the division of labor was the direct cause of efficiency, and that when it was complemented by the accumulation of capital and machinery, opulence (or as we say today: prosperity) was the inevitable result.  
His economic analysis established the major factors of production: the landholder gets paid rent; the worker (laborer) gets paid his wages. And the producer —given his investment of capital (money, equipment, and facilities)— is entitled to the profits. Although some of the descriptive economic terms have evolved and others fallen into disuse, all contemporary textbooks in macro and microeconomics are but a revision of Adam Smith’s model—as brought to light in his landmark book The Wealth of Nations.
British economist, also a man of many talents, John Maynard Keynes once wrote:
Practical men, who believe themselves to be quite exempt from any intellectual influences, are usually the slaves of some defunct economist. Madmen in authority, who hear voices in the air, are distilling their frenzy from some academic scribbler of a few years back.
Keynes was correct in his assessment, for history has often proven that styles of governments —directed by practical men and madmen in authority— are but the extract of the ideas of a small band of dead economists, with much of these ideas contributed by Adam Smith.
Let’s name a few defunct economists: Adam Smith —the father of capitalism— gave us the invisible hand of competition and self-interest, laissez-faire, and the division of labor. Karl Marx (1818-1883), hated free markets, and believed in a system of communism in which government should own all the means of production. John Maynard Keynes (1883-1946) rescued capitalism by inventing fiscal and monetary policies (with democrats favoring the former and republicans the latter). Milton Friedman (1912-2006) and his Chicago School of Monetarists believed in the total power of the mighty dollar, and hated Keynes and his fiscal policy (deficit financing).
Go figure the reach of these defunct economists!
Even today are we slaves of these dead economists’ ideas, for their followers continue to perpetuate their teachings. Hard as I look for original thinkers, I fail to find them anywhere in the contemporary economic landscape. Larry Summers, Alan Greenspan, Ben Bernanke, Paul Krugman, and other minor economic luminaries are still distilling the teaching of the above mentioned old masters. And so are madmen in authority like Hugo Chavez and Fidel Castro.
Today the old band still plays, and old man Adam Smith still rules.
This Scottish moral philosopher and economist took ten years to write his magnum opusThe Wealth of Nations (1776). The textbook became not only the foundation of classical economic theory, but also the moral imperative for people’s liberty within the system of laissez-faire capitalism. 
Excerpted from my ebook Adam Smith's Division of Labor and Your Wealth.

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Professor Guerrero's Blog

Co-author of East of Tiffany's, 13 short stories that will warm your heart - See 101 reviews in Amazon.com and 37 in Barnes and Noble.

on KINDLE on NOOK

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