Foxes v.s. Hedgehogs

In The Wealth of Nations, Adam Smith champions the division of labour as the primary source of productivity, using the vivid example of a pin manufacturing factory: “One person draws out the wire, another straightens it, a third cuts it, a fourth points it, a fifth grinds it.” By specialising in one task, each worker becomes highly skilled at what they…

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Saurav Risbud

Saurav Risbud

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Trying to write down my thoughts. Support my writing by signing up to Medium: https://sauravrisbud11.medium.com/membership (I will get a portion of your fee)