The Life Of Adam Smith -

Using the example of a pin factory , Smith showed how breaking tasks into specialized steps drastically increases productivity.

Published the same year as the U.S. Declaration of Independence, An Inquiry into the Nature and Causes of the Wealth of Nations changed the world. Key concepts included: The Life of Adam Smith

Before he wrote about money, he wrote about . In this book, Smith argued that humans have a natural "sympathy" for others. He introduced the idea of the "impartial spectator" —an internal moral compass that helps us judge our own behavior through the eyes of others. To Smith, a stable society required virtue and ethics, not just cold transactions. 3. The Wealth of Nations (1776) Using the example of a pin factory ,