April 14, 2017

It is obvious why specialization improves productivity for manufactured goods (even if people seem to systematically underestimate just how extensive the gains are). If it takes 18 steps to manufacture a pin (to use Adam Smith's example), you can well imagine divi...

April 12, 2017

Economists have long known that a key source of society's wealth is the division of labor. Robinson Crusoe was marvelously self-sufficient, specializing in everything and depending on no one to supply his wants. Doubtless this was a liberating experience for him. Yet,...

April 7, 2017

The first book I am blogging is Adam Smith's masterpiece An Inquiry into the Nature and Causes of the Wealth of Nations (1776).

Although it is a coincidence that the book was published in 1776, there is a spiritual synchrony between the publication of this book by a Bri...

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University of Bath School of Management

Claverton Down

Bath BA2 7AY

United Kingdom

© 2018 by Sam Johnson