|Division of Labour|
|Leads To||Joint Stock Companies|
The idea that the specialisations of roles within an industry creates a more skilled and organised workforce.
As society expands its capabilities and needs grows within it. By dividing labour amongst workers a manufactory power can develop a more skilled and effective work force, in turn leading to a quicker production time and larger profits. Allocating workers to specific tasks create a more skilled and knowledgeable work force, capable of passing their knowledge on to others. Scottish philosopher Adam Smith (1723-1790) was a firm proponent of the division of labour. He argued that the rate of production would be dramatically increased within industry if work was divided effectively. In "The Wealth of Nations", he called for a public education system to be put in place to teach workers the finer points of their craft. Economist William Petty took a different view point: he argued that the main purpose of the division of labour was creating a more skilled work force, rather than speeding up production times.