という面白い論文をMostly Economicsが紹介している。原題は「Adam Smith, Watch Prices, and the Industrial Revolution」で、著者はユニバーシティ・カレッジ・ダブリンのMorgan KellyとCormac O'Grada。 以下はその要旨。 Although largely absent from modern accounts of the Industrial Revolution, watches were the first mass produced consumer durable, and were Adam Smith’s pre-eminent example of technological progress. In fact, Smith makes the notable claim that wat