Ten workers splitting a pin into 18 steps made far more pins than one worker alone

Adam Smith opened The Wealth of Nations with a pin factory: one untrained worker might struggle to make even one pin a day, but ten workers each specializing in a single step of the process could turn out upwards of 48,000 pins between them. Smith used it to argue that dividing labor into narrow, repeated tasks is the real engine of productivity.

— Adam Smith, An Inquiry into the Nature and Causes of the Wealth of Nations — Book I, Chapter 1, 1776
Go deeper: get the book →

One credited idea per card. No filler. Swipe the rest in Savvy.

Keep swiping — it's free Works right in your browser. No app store needed.

More Economics

All Economics cards →
More from Adam Smith →

Five ideas worth knowing, every week

The week's best cards and a puzzle, credited as always. Free, unsubscribe any time.