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269).” This point of view, presented first in 1759 by Quesnay, and subsequently readdressed by Eltis, directly conflicts with Smith’s now well-accepted theory of division of labour. The purpose of this paper will be to present and reaffirm Smith’s concept and benefits of Division of Labour against Eltis’ modern (1988) adaptation of Quesnay’s argument against industrialization.
Smith observed that, via division of labour, or industrial specialization in a manufacturing context,
Information Age 3
productivity was substantially increased due to three key elements.
1. Improved worker dexterity
2...
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