Which book illustrates the advantages of specialization using an eighteenth-century pin factory?
A)Free to Choose, by Milton Friedman
B)The Wealth of Nations, by Adam Smith
C)Das Kapital, by Karl Marx
D)The General Theory, by John Maynard Keynes

Question

Quizplus · Accepted Answer

The Wealth of Nations, by Adam Smith, is the book that discusses the advantages of specialization using an eighteenth-century pin factory. In it, Smith describes how by dividing the labor into a series of simple operations and assigning workers to specialize in each operation, the factory could vastly increase its productivity and output.

Which Book Illustrates the Advantages of Specialization Using an Eighteenth-Century