A response to "Do entrepreneurs constitute a class?"

This post is a response to one at In Defense of Anagorism:
https://astoundingteam.com/wordpress/2014/01/28/do-entrepreneurs-constitute-a-class/

 

In The Wealth of Nations, Book One, Chapter Six, Adam Smith considers "the component parts of the price of commodities": land, labor, and capital. I always want to add finance to that list. And the landed aristocracy has become less important, so maybe we can drop "land" from Smith's list. Then I get what you get:

"I identify three distinct classes that are actively involved in production. I call these (from top to bottom) financiers, proprietors and wage-earners."

But I wouldn't say financiers are "actively involved in production". That's the trouble with finance: it adds to the cost of production (and consumption) without actually adding output. So it is always a source of cost-push pressure. Maybe finance is passively involved in production?

https://www.econlib.org/library/Smith/smWN.html?chapter_num=9#book-reader