Adam Smith, Book 1, Ch 1, Division of Labor скачать в хорошем качестве

Adam Smith, Book 1, Ch 1, Division of Labor

This video covers the first full chapter of Adam Smith's The Wealth of Nations in which he discusses the division of labor. Smith starts out by giving the concrete example of division of labor among workers in a pin factory. He uses this to illustrate the 3 reasons that division of labor leads to greater productivity: it increases dexterity, saves time in which a worker would normally switch from one task to another, and focuses a worker so that they're more innovative within their specialty. This realization is the basis for Smith's theory of productivity and theory of economic growth. Great Economics: Classic Economists and Their Forerunners course: http://mruniversity.com/courses/great... Next video: http://mruniversity.com/courses/great...