The Cost Adam Smith Said We Would Underestimate

Smith's pin factory is taught as a story about skill, yet his own text says the time lost between jobs is larger than we would guess.

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I'm Lavi. I work on supply chain planning by day and build odd little things on this site by night. If something here was useful, or you'd like to talk planning, games, books or a trip, write to me. I reply to most notes within a few weeks.

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