— “Divide labour, specialize, go on specializing; let us have smiths who only know how to make heads or points of nails, and by this means we shall produce more. We shall grow rich.” That a smith sentenced for life to the making of heads of nails would lose all interest in his work, would be entirely at the mercy of his employer with his limited handicraft, would be out of work four months out of twelve, and that his wages would decrease when he could be easily replaced by an apprentice, Smith did not think of it when he exclaimed — “Long live the division of labour. This is the real gold-
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