Blogging the Bookshelf

Blogging my bookshelf – one book at a time

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Specialization – “On the Wealth of Nations”, P.J. O’Rourke

May 14th, 2012 · No Comments · Economics, Policy

The purpose of division of labor, wrote Smith, is “to make a smaller quantity of labour produce a greater quantity of work.” Smith perceived that the division of labor—specialization—is the original source of economic growth.

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