Posts Tagged ‘division of labor’

  • French fries, Adam Smith and restaurant mass production

    Restaurant Economics: How to Make 1500 Meals a Day

    Oct 22, 13 • 1673 Views • No Comments

    At 2 am, converging at the delivery entrance of Balthazar in NY’s SoHo are mussels from New Zealand, russet potatoes from Idaho, steak from the Midwest and chicken breast and bacon from Prince Edward Island while some Little Skookum oysters...  [read more]

  • Innovation from Taiwan Long Pride Nursery

    Innovation: An “Assembly Line” for Taiwan’s Orchids

    Oct 18, 13 • 652 Views • No Comments

    “One man draws out the wire, another straights it, a third cuts it, a fourth points it, a fifth grinds it at the top for receiving the head;… Those …persons, therefore, could make …upwards of forty-eight thousand pins in a day. But if they had all...  [read more]

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    The New Economics of Marriage

    May 17, 12 • 293 Views • No Comments

    When North Carolina’s voters rejected same sex marriage, they were not thinking economically. Traditionally, marriage has been about specialization. With the husband in the labor force and the wife at home, their division of labor resembled a small...  [read more]

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    Women’s Work

    Nov 7, 11 • 304 Views • No Comments

    The CEO designate of IBM will make it 29. There will be 29 women who are CEOs of Fortune 500 companies. 27 of those women are married, one is divorced and one never married. Financial journalist James Stewart explains in the NY Times that the traditional...  [read more]

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    Big Boxes

    Dec 15, 10 • 254 Views • No Comments

    What we ship things in makes a difference. Take the banana, for example. In 1876, at the Philadelphia Centennial Exposition, the banana was a delicacy (and very black). Millions of bunches could only be sent to U.S. shores if they were refrigerated. By 1901,...  [read more]