Adam Smith: Wealth of Free Minds

It’s been a while now since I wrote my last post. There have been a lot of busy and demanding tasks at home for me to find the time to write here on AC Keeble. The research that I have been doing for my book has been entertaining my mind. One of them is from the works of a Scottish writer and philosopher called Adam Smith. He lived in Edinburgh in the 18th century and wrote actively about money, finance and wealth creation. Here I am going to tell you about how his enlightened ideas about money are also useful to autistic creatives in order to give them the freedom to support themselves.

I started to read my first book by Adam Smith in December. Called The Theory of Moral Sentiments, it covers the moral code of behaviour in which people conduct themselves in business. The book was written in 1759 during the Scottish Enlightenment, which was a period of history in which Scottish philosophers and creatives excelled in ideas that could liberate people’s gifts. Smith was amongst these revolutionaries. Now although the leftist media like to depict capitalists as rich and greedy barons of no morals, they actually have good hearts of strength and determination as they have been taught these values from Moral Sentiments. Smith is regarded as the father of modern economics, and these economics are primarily capitalism. According to Smith, it’s not the benevolence of the trader like a baker that generates prosperity, it’s when the trader acts in his own self-interest. He is interested in making bread for people and through that action, the baker makes his wealth. It was his self-interest to make bread and there plays an invisible hand to make the bread sell to make a good income.

Smith’s ideas on wealth creation were revolutionary. He rejected the centuries-old view that wealth creation came from mercantilists hoarding gold for the nation. Smith believed that the wealth of nations came from liberating people’s gifts. He wrote about this in his next book, which I am currently reading, called The Wealth of Nations in 1776. The book has so far got me hooked on these fascinating tales about wealth creation and I have been looking at how they can be tied to the creative powers of autistic people.

Let’s use the gift of an autistic baker as an example. A shop sells brownies at a cost of £2.60 each and they have basic flavours with little fruit in them. The baker has to add more to the cost for the price of the brownies to include the berries. The autistic baker on the other hand has a plan to make his own brownies to sell complete with fruit and nut as well as chocolate. He can use ingredients that are a lot less elaborate than the other bakery. The cost of the ingredients affects the price. The upmarket bakery is using expensive flour (£2.50 a kilo), sugar (£1.90 a kilo) and chocolate pieces (£1.20 a gram). But those ingredients don’t matter to the autistic baker because he is clever at networking and sourcing cheaper ingredients. He prefers to use local market-based ingredients with flour at £1.40 a kilo, sugar at £1.10 a kilo and chocolate pieces at £0.80 a gram. All of which are sourced from local retailers. He can sell brownies at £1.90 each and enjoy a significantly good turnover from his own self-interest and with a bigger invisible hand that sees more fairness in his own price and quality of the food.

In a free-market economy, the autistics of the nation can create their own wealth when they are free to use their own intellectual gifts. The potential of an autistic worker can be found when that person is allowed to make the work that makes him happy and produces the thing that he can then sell on. There is something that will allow that neurodiverse creator to be successful providing the invisible hand can lend itself to him. The invisible hand is a metaphorical description that Adam Smith uses to describe the way in which people can give money to a person to satisfy the self-interest of the producer and to serve the self-interest of themselves as customers in that they need to acquire a product for themselves that the creator can deliver. Using the baker’s analogy that person has been dealt an invisible hand to liberate his gift and make his fortune by turning his creative ideas for tasty sweet treats into money.

There are plenty of stories of wealth creation and moral standards to making a living in the Wealth of Nations. I won’t cover all of them here but I will be able to tell you something that a maths whizz of an autistic will be able to build a good price for the product depending on the quantity and quality of the goods. When there is a reasonable price as the autistic brain can conjure up then there is good reason to see that the autistic person’s gift is really useful to society. It’s people, not rich merchants that make wealth and prosperity for the world. So that dispels the myth that capitalism is alien and harsh.

Adam Smith’s ideas can make a lot of prosperity for autistics of the nation. With economic liberalism, the autistic has the ability to use the intelligence he has to make something remarkable that can be useful to his life. That product of his intelligence must be unique and have a valuable and practical use to a person. It can be an invention or a work of art like a baking tool or a makeup colour but made in a way that the capitalist society will take it with love and affection as the creator has given to it.

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