Division of Labor and the Pin Factory

John Hartwick

Working Paper from Economics Department, Queen's University

Abstract: 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.

Pages: 40
Date: 1978
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Persistent link: https://EconPapers.repec.org/RePEc:qed:wpaper:310

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