If Adam Smith were writing today, he's not writing about the pin factory. What is he writing about? Or does he produce the same books, essentially, because the truths captured in his work are ...

Adam Smith, its author, looked skeptically at the ... Early in The Wealth of Nations, he described a pin factory. One person straightens the wire, another draws it out, someone else cuts it ...

Pocket gadgets were all the rage in Adam Smith's day ... the world can vie with them," the directory declared. Like Smith's famous pin factory, these preindustrial plants depended on hand tools ...

Adam Smith died on July 17 ... Smith used the example of the labor required to make a pin to illustrate the effectiveness of this method. If one person were to undertake the 18 steps required ...

Economist Adam Smith, who introduced the idea of the “invisible hand” to explain how markets naturally regulate themselves, also showed how dividing tasks in a pin factory could boost ...

These workers will be as different as the labourers in Adam Smith’s pin factories who prevailed over craft production due to productivity gains resulting from the division of labour. We might ...