Politics, Economics, Locality

If, as has been said, all politics is local, history has shown that so, too, is Economics, and that 'local' is variable.  As the prefix 'eco-', which connotes 'household', suggests, the origin of Economics is even more modest than that of Politics, which connotes 'city'.  In sharp contrast, by the 18th-century, the scope of each is the Nation, as Smith's title plainly expresses.  So, Marx-Engels' exhortation to the "workers of the world" signals a further expansion of locality that has since been, and continues to be, gradually actualized, by both Capitalism and Socialism.  In other words, what is becoming 'local' are both Cosmopolitics and Cosmoeconomics, with respect to which the Nationalist doctrines of the 17th- and 18th-centuries, including Wealth of Nations, may be quaint, if not obsolete.