On organizations
“Nobody ever saw a dog make a fair and deliberate exchange of one bone for another with another dog.” (Adam Smith 1776)
The division of labor, from which so many advantages are derived, is the result of human wisdom. The scarcity of goods, the resulting economic questions of efficient and equitable distribution of wealth, and their possible resolution through the division of labor gave rise to theories of economic coordination and organization. Smith thought that this propensity to exchange is the logical consequence of the faculty of reason and speech and thus more than one of those basic principles in human nature.
comments
No new comments allowed (anymore) on this post.