 | John Bowditch, Clement Ramsland - Communism - 1961 - 210 pages
...example, seems to arise not so much from nature, as from habit, custom, and education. . . . CHAPTER HI THAT THE DIVISION OF LABOUR IS LIMITED BY THE EXTENT OF THE MARKET As it is the power of exchanging that gives occasion to the division of labour, so the extent... | |
 | English periodicals - 1878 - 1178 pages
...in man to truck, barter, and exchange. In the next chapter he proceeds a step farther, and asserts that the division of labour is limited by the extent of the market. Had he pursued the inductive method, the whole process would have been reversed, and he would... | |
 | David W. Conklin - Business & Economics - 1991 - 436 pages
...were linked to the concept of free enterprise. For example, his title for Chapter III in Book I was "That the Division of Labour is Limited by the Extent of the Market." Central to both specialization and trade was his belief that individuals pursue their own... | |
 | Richard G. Lipsey, Colin Harbury - Business & Economics - 1992 - 548 pages
...industries, giving advantage to small size. Market limits: A much-quoted saying of Adam Smith's is that the division of labour is limited by the extent of the market. This can explain the persistence of small firms in markets with very limited demand. The total... | |
 | Bernard Barber - Social Science - 1993 - 534 pages
...Nature and Causes of the Wealth of Nations (1937), mentions the market in only one chapter, entitled "That the Division of Labour is Limited by the Extent of the Market." In this 5-page chapter, it is the division of labor that interests Smith, not the market as... | |
 | John Cunningham Wood - Biography & Autobiography - 1993 - 664 pages
...division of labour.'and developing for the first time ( at any rate in the 1 762-3 lectures) the crucial principle that the division of labour is limited by the extent of the market. This passage, which takes up nearly four pages of the student's manuscript, is clearly important,... | |
 | Karl Aiginger, Jörg Finsinger - Business & Economics - 1994 - 264 pages
...division of labour is besides the point without an explicit acknowledgement of economies of scale. "That the division of labour is limited by the extent of the market" allowed Adam E. Smith to explain the superior wealth of maritime civilisations. This is intrinsically... | |
 | Farrell Bloch - Business & Economics - 1994 - 158 pages
...proposition is analogous to that for product markets, the classic exposition of which is book 3. chapter 3. "That the Division of Labour Is Limited by the Extent of the Market," pp. 1 7-2 1 in Adam Smith, An Inquiry into the Nature and Causes of the Wealth of Nations... | |
 | P. Tordoir - Business & Economics - 1995 - 232 pages
...employing the minimal capacity necessary to meet that demand. What is at stake here is the classical principle that "the division of labour is limited by the extent of the market" (Stigler, 1951). Increasing levels of specialization demand increasing thresholds in demand,... | |
 | Donald Rutherford - Business & Economics - 1995 - 499 pages
...included a discussion of the nature of wealth and income differentials and Cyropaedia which explains that the division of labour is limited by the extent of the market. See also: Ancient Greeks; Aristotle; Plato. X-form(SlO) A hybrid type of business enterprise... | |
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That the Division of Labour is limited by the Extent of the Market... 
