Division of Labor | Chapter 1, Book 1
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- Опубліковано 24 вер 2024
- This video covers Chapter 1 - 'Of the Division of Labor' of The Wealth of Nations Book 1 by Adam Smith. In this chapter, Adam Smith talks about why and how the division of labor affects production output.
pages summarized: 9
Hello there, I'm from India and I've just started reading The wealth of Nations, and I liked this little summary of yours. Please keep posting the summary of all the chapters, it is helpful. Thanks.
Thanks! We will definitely keep posting!
I'm very thankful to you people , many people don't read non fiction especially this book was Difficult to read . And your unproductive labour for making this video is proving very productive for us .,
I know it's difficult to not get veiws to your work but do what you want !!!!
I have just finished the book, took it back to the library yesterday, it took me about a year to read! I don't think I've really retained much of the information, so thanks for uploading this series.
I'm randomly here from reddit, since I'm reading the book I don't need this summarisation, however I have to compliment this well structured explanation. Great value to students who are learning about Smith from textbooks!
Thx!😊
This is the best book I've *never* technically read. You do a fantastic job of encapsulating every crucial detail of its essence. I would say it's a better book than the capital, because I do not agree with Marx on the concept of surplus value.
I have started reading the book and watching a video summarizing the topic of a chapter is definitely helpful. Best of luck to you and your team.
Thx! I wish I had a team😄
This is cool :) continue what you are doing! thank you for letting me know!
Awesome job! Very clear and concise!
I need to present a work today and I have no time to read the book, so thanks for making a summary of it!
dont have time to read the whole thing right now THANKS!!
You could save so much of people time by summerising many other books.
I would suggest to put down a pdf or a note of the chapter too
Cool bro...plzz continue posting
Thank you for sharing.
It's cool you're taking up both Das Kapital and The Wealth of Nations. Would be cool if you take up Mill's Principles of Political Economy. As well as David Ricardo's of the same name.
Smith does not "make a point for laziness". Devising a machine for manual tasks is done for efficiency. As you said, workers understand the value of their labor, the more efficient they are, the greater the value of the labor.
Could you also do "The Theory of Moral Sentiments"? That's my favorite Adam Smith thingo.
Nice video ....love from India 🥰🥰 the video I want and finally get on Ur channel......
Thanks! Good job! Good summary! Very useful.
Poland now is a bit diferent then when it was when Smith wrote that book :)
Yep, it's truly been a European success story, expecially in the last 20 years!
-R
I purchased wombol.com and I am reading the book there, I think that this book requires many different attempts and angles at researching the text and analyzing what Adam smith meant by certain things.. Specifically because Adam wrote in an old timey style english.
Great vid, bro
thx m8!
hello from mongolia. how's the weather in the western corner of the landmass?
Thank you!!!❤️
I hear yandere sim music in the background
Bro thought he could sneak that in lol
hey author....can you tell me where was the 1st time the word economics was used and who coined it...
Oikonomia - The Ancient Greeks
3:58 That's not flag nor shape of the map of England, it's a union flag and the shape represents the United Kingdom of Great Britain and Northern Ireland : en.wikipedia.org/wiki/United_Kingdom
Not that is this is a very subject of the video but getting mixed up those two things is almost like saying Vienna belongs to Germany because they speak German.
yep, thanks for clarifying, I couldn't find a good map of England with its flag so I went with that one
-R
ooooook Karen
Mary had a little lamp little lamp little lamp marry had a little lame
Your look is cool man
Take a step forward, you need more field depth
Sa3aykomm
Fucking amazing!
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Why did you do this vieo
Ahmad Mindrawi sa3aykommmm
Keefak
Ake hayda gawa3ni
Akal Hamburger ma btifahm
He did it for the lolz
"The workers decide they can do more together, so they join in factories"??? More like, they are FORCED to because they can't afford capitalist goods without wage slavery. Not only that, but the workers don't voluntarily join in a factory, a capitalist owns the factory. I'm not attacking you guys, I love the videos, but if Adam Smith wrote that, it sounds an awful lot like a case for socialism. Well, now that I think about it... Adam was actually kinda anti-capitalist so...
I admire your passion but we should not bag all rich people into the same category of thievery. I am not one, but I know some honest entrepreneurs.
Because running the factory is itself, a further division of labour. This requires investment. Investment is a risk. That risk is rewarded with profit for success and loss for failure.
@@ltmund that's fair but also investment could be collectively managed by the workers. there's not only one way of doing it.
also hello me from 4 years ago
@@atarikamikazi Hi you from 4 years ago 😄
Agree, it's totally possible to share the profits with the workers. But would they be willing to share any loss?
Hard to listen to, to improve in the future, remove the music, and get a better mic so it doesn't sound like you are talking to us from the end of a hallway.
Please, speak slowly
Playback speed control.