Questions tagged [division-of-labor]

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What is the relationship between Adam Smith's theorem on the division of labor being limited by the extent of the market and his pin factory example?

What is the relationship between Adam Smith's theorem on the division of labor being limited by the extent of the market and his pin factory example? Are they each touching upon a different aspect of ...
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Looking for any research/theory on "shadow work"

Not in the Jungian sense, but rather the hidden costs of distributed labor. For example, let's say a large company licenses expense management software for employees to scan and record their own ...
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Comparing manufacturing and services sectors with respect to the scope for division of labor

In the Wealth of Nations, Adam Smith compares agriculture and manufacturing and concludes that due to the reduced scope for specialization in the former as compared to the latter, those economies that ...
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Can game theory be used to predict economic specialization (division of labor)?

There is a hint of a connection to game theory in Adam Smith's Wealth of Nations. For example, he says: It is not from the benevolence of the butcher, the brewer, or the baker that we expect our ...
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Why division of labor or specialization boosts productivity

The three reasons given by Adam Smith were: Increased dexterity. Saving of the time which is commonly lost in passing from one species of work to another. The invention of a great number of machines ...
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