tegwick
2d1282a61e
Restructure entity storage from per-chapter subdirectories to a flat
canonical set in output/entities/. Each entity exists as a single file;
duplicates across chapters are detected by slug collision and skipped
(first occurrence wins). Chapter views use {{ include }} transclusion
to reference shared entity files.
Add @{existing_entities} macro to extract-entities template so the LLM
knows which entities already exist and focuses on genuinely new ones.
Refactor _call_llm() from _execute_llm() for callers that handle their
own file I/O. 41 unique entities from 4 chapters (2 duplicates removed).
Co-Authored-By: Claude Opus 4.6 <noreply@anthropic.com>
1.4 KiB
Encouragement to Industry
Definition
The incentive effect that market access and trade opportunities exert on productive activity. When two places can trade with each other, they "mutually afford" encouragement to each other's industry — meaning that the existence of buyers stimulates producers to increase output, improve methods, and specialise further. Conversely, when markets are isolated, the absence of demand discourages investment in productive improvements.
Source Chapter
Book 1, Chapter 3: "That the Division of Labour is Limited by the Extent of the Market"
Context
Smith uses this concept to explain the reciprocal benefits of trade between London and Edinburgh, and between London and Calcutta. The ability to trade does not merely transfer goods but actively stimulates production in both locations by expanding the effective demand each faces.
Economic Domain
Exchange
Smith's Original Wording
"Those two cities, however, at present carry on a very considerable commerce with each other, and by mutually affording a market, give a good deal of encouragement to each other's industry."
Modern Interpretation
This anticipates the modern concept of trade as a growth engine — the idea that market integration creates positive-sum outcomes by expanding demand and stimulating productivity gains. It is closely related to the concept of gains from trade in international economics.