A UNIVERSALLY TRANSLATABLE EXPLICATION OF ADAM SMITH’S FAMOUS PROPOSITION ON “THE EXTENT OF THE MARKET”

Following Adam Smith’s line of argument, we examine the semantics four economic principles in Chapter III Wealth Nations that compose his famous proposition “that division labour is limited by extent market.” We apply Natural Semantic Metalanguage framework linguistics to produce a series explications are clear and plain, cross-translatable into any language, intelligible twenty-first-century readers, faithfully close original text. Our paper explicates logical argument demonstrates how ideas can be shared among speakers with different linguacultural backgrounds truly global view economics that, argue, Smith had mind: intended as science all people living doing things together other live well feel good.