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Adam Smith only mentions markets in the context of a free labor market.

It’s the only supply and demand metric he ever describes.

It was generalized into everything is a market, with jargon cottage industry springing up around everything; market is a hammer, and we pound nails.

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That's not true at all. He talks a lot about land rent, and argues that at the end of the day a farmer who rents crappy land and a farmer that rents good land should make about the same, since the difference in rents will about balance the difference in yields. A tenant farmer is a small businessman, not an employee.

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