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Business
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| Number of pages / Number of words: |
5 / 1273 |
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Arguably, Smith basically restates Plato’s notion that ‘necessity is the mother of all invention’, by asserting that developing improved processes and solutions is a natural by-product of specializing workers. Smith cites the simple desire of a boy who developed a simple, automated system that essentially performed his duties for him, so he was free to play with his friends (p...
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Arguably, Smith basically restates Plato’s notion that ‘necessity is the mother of all invention’, by asserting that developing improved processes and solutions is a natural by-product of specializing workers. Smith cites the simple desire of a boy who developed a simple, automated system that essentially performed his duties for him, so he was free to play with his friends (p...
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General points of the essay
Smithsonian Economic Theory In The Information Age
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