Division of labor Quote by Steven Pinker

“A fundamental insight of modern economics is that the key to the creation of wealth is a division of labor, in which specialists learn to produce a commodity with increasing cost-effectiveness and have the means to exchange their specialized products efficiently.” quote by Steven Pinker — Download Open image

““A fundamental insight of modern economics is that the key to the creation of wealth is a division of labor, in which specialists learn to produce a commodity with increasing cost-effectiveness and have the means to exchange their specialized products efficiently.””

Steven Pinker

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Part of the bargain of being alive is that one takes a chance at dying a premature or painful death, be it from violence,…

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More Division of labor quotes

Every step by which an individual substitutes concerted action for isolated action results in an immediate and recognizable improvement in his conditions. The advantages…

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“Although per capita income doubled during the half-century, not all sectors of society shared equally in this abundance. While both rich and poor enjoyed…

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“structure of the social division of labor. Many firms and industries must make fundamental changes to long-held business models in order to adapt. Further,…

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Cities are, first of all, seats of the highest economic division of labor.

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“Digital technology did not really lend itself to a simple division of labor between creative (generating the ideas) and production (executing the ideas). In…

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