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Re:The Decline of the U.S. Machine-Tool Industry and Prospec... by PaulDavisThe1st on Wednesday April 09, 2025 @12:49AM (#43628968)
His prognostications were not necessarily considered by him to be "about the future". Smith believed that most of what he was writing was about things that were true for all time. He may (or may not) have been wrong about that, just as he may have been wrong about any of the specific things he wrote. But he was generally not predicting the future in any real sense.
Re:The Decline of the U.S. Machine-Tool Industry and Prospec... by mmooss on Wednesday April 09, 2025 @03:46PM (#43636893)
> Smith believed that most of what he was writing was about things that were true for all time.

Theory is incredible - when it's right, it's right everywhere for all time. I don't know why people disparage it (other than to signal their anti-intellecutallism).