Division of Labor and the Pin Factory

The idea that a final product (the pin) is made of a certain number of components combined in fixed proportions and that a worker can have a comparative advantage in producing one component relative to his fellow workers is developed. We investigate efficient allocations of worker to tasks and how the economy changes as new workers are added. We note that the functioning of the invisible hand within pin factories is not dealt with by A. Smith.

MoreLess

Year of publication:	1978
Authors:	Hartwick, John M.
Institutions:	Economics Department, Queen's University

Check Google Scholar |

More access options

In German libraries (KVK)

I need help

More details

Series:	Working Papers.
Type of publication:	Book / Working Paper
Notes:	4 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005688361