Economists -- Great Britain -- Biography; Smith, Adam, 1723-1790
“In a civilised society,” he reminds his class, “though there is a
division of labour, there is no equal division, for there are a good
many who work none at all. The division of opulence is not according
to the work. The opulence of the merchant is greater than that of all
his clerks, though he works less; and they again have six times more
than an equal number of artisans who are more employed. The artisan
who works at his ease within-doors has far more than the poor labourer
who trudges up and down without intermission. Thus, he who, as it
were, bears the burden of society, has the fewest advantages.”
Division of labour multiplies the product of labour and so creates
opulence. He takes a pin manufactory as an illustration. If one man made
all the parts of a pin it would take him a year, and the pin would cost
at least six pounds. By dividing the process of manufacture into
eighteen operations, each man employed can make 2000 pins a day. When
labour is thus divided, a much larger surplus is left over and above the
labourer’s maintenance, and of this surplus the labourer will get a
share. “The commodity becomes far cheaper and the labour dearer.” The
less the labour that can procure abundance, the greater the opulence of
society. But coin is not a safe criterion of wages. Twopence in China
will buy more than five shillings in the sugar colonies. By dividing
labour you increase dexterity. A boy nailmaker will easily make 2000
good nails while a country smith unaccustomed to the job is making 400
bad ones. You also save time; for time is always lost in going from one
kind of work to another. “When a person has been reading, he must rest a
little while before he begin to write”; and a country weaver with a
small farm will saunter as he goes from the loom to the plough. By
fixing each man to an operation the product is sure to be increased.
Again, the quantity of work done is much augmented by the invention of
machinery. Two men and three horses can do more with a plough than
twenty men with spades. The miller and his servant will do more with the
water-mill than a dozen men with the hand-mill. Horse-power and
water-power had been brought to the assistance of man by philosophic
invention; and even fire had been called in to aid him by the mechanical
and chemical discoverers. The lecturer was doubtless thinking of his
colleague Joseph Black, and of James Watt, who was at this time working
within the precincts of Glasgow College, and was just developing what
Smith calls “the philosopher’s invention of the fire machine.”
Public-domain text, read in full here on John Shaqi.
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