... between them – in the wages of the labourer and the profit of the employer. Profits, though, are different from wages: they reflect not the work of the employer, but the value of the capital ... multitude of workmen. The shepherd, the sorter of the wool, the wool-comber or carder, the dyer, the scribbler, the spinner, the weaver, the fuller, the dresser, with many others, must all join their ... on The Theory of Moral Sentiments, Adam Smith s other great work that explores the nature of ethics.www.adamsmith.org ADAM SMITH INSTITUTE23 Great Smith Street London SW1P 3BL www.adamsmith.orgThe...