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" Those ten persons, therefore, could make among them upwards of forty-eight thousand pins in a day. Each person, therefore, making a tenth part of forty-eight thousand pins, might be considered as making four thousand eight hundred pins in a day. But if... "
Conversations on Political Economy: In which the Elements of that Science ... - Page 63
by Mrs. Marcet (Jane Haldimand) - 1839 - 416 pages
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Steps in Industry

Edmond Earl Lincoln - Economics - 1926 - 240 pages
...the work, were able with only the crudest kind of machinery to make 48,000 pins in a day, he says : "But if they had all wrought separately and independently,...and without any of them having been educated to this particular business, they certainly could not each of them have made 20, perhaps not one pin in a day...
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Human Territoriality: Its Theory and History

Robert David Sack - History - 1986 - 280 pages
...of forty-eight thousand pins [in a day]. Each person, therefore, making a tenth part of forty-eight thousand pins, might be considered as making four thousand eight hundred pins in a day.4 Smith believes the lessons from the pin manufactory are generalizable. 'In every art and manufacture,...
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Non-Stock Production: The Shingo System of Continuous Improvement

Shigeo Shingo - Business & Economics - 1988 - 498 pages
...them upwards of forty-eight thousand pins in a day. Each person, therefore, making a tenth part . . . might be considered as making four thousand eight...not each of them have made twenty, perhaps not one pint a day; that is, certainly, not the two hundred and fortieth, perhaps not the four thousand eight...
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Economics for Prophets: A Primer on Concepts, Realities, and Values in Our ...

Walter L. Owensby - Business & Economics - 1988 - 224 pages
...middling size. These ten persons, therefore, could make among them upwards of forty-eight thousand pins in a day. . . . But if they had all wrought separately and independently . . . they could certainly not each of them make twenty, perhaps not one pin in a day.1 Of course,...
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Economics Problem Solver

1206 pages
...fortyeight thousand pins in a day . . . But if they had all [worked] separately and independently . . . they certainly could not each of them have made twenty, perhaps not one pin in a day ..." Thus has evolved the term "Division of Labor". • PROBLEM 33-4 Adam Smith described in great...
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The Growth of Economic Thought

Henry William Spiegel - Business & Economics - 1991 - 904 pages
...upwards of forty-eight thousand pins in a day. Each person, therefore, making a tenth part of forty-eight thousand pins, might be considered as making four thousand eight hundred pins in a day. But if they all had wrought separately and independently, and without any of them having been educated to this...
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Increasing Returns and Efficiency

Martine Quinzii - Business & Economics - 1993 - 174 pages
...upwards of forty-eight thousand pins in a day. Each person, therefore, making a tenth part of forty-eight thousand pins, might be considered as making four...them have made twenty, perhaps not one pin in a day. If machines be kept working through the twenty four hours (which is evidently the only economical mode...
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Liberalism and the Economic Order

Ellen Frankel Paul, Fred Dycus Miller, Jeffrey Paul - Business & Economics - 1993 - 344 pages
...upwards of forty-eight thousand pins in a day. Each person, therefore, making a tenth part of forty-eight thousand pins, might be considered as making four...them have made twenty, perhaps not one pin in a day. . . ,13 As even Smith recognized, however, such fragmentation of workplace tasks can exact a heavy...
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Knowledges: Historical and Critical Studies in Disciplinarity

Ellen Messer-Davidow, David R. Shumway, David Sylvan - History - 1993 - 480 pages
...them upwards of 48,000 pins in a day. Each person, therefore . . . might be considered as making 4,800 pins in a day. But if they had all wrought separately and independently . . . they could certainly not each of them have made twenty, perhaps not one pin in a day" (Wealth...
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Business Studies

David Needham, Robert Dransfield - Business & Economics - 1994 - 772 pages
...upwards of forty-eight thousand pins in a day. Each person, therefore, making a tenth part of forty-eight thousand pins, might be considered as making four thousand eight hundred pins a day. But if they had all wTought separately and independently, and without any of them having being...
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