Adam Smith and the Pin Factory
Adam Smith’s description of the pin factory, with which he begins The Wealth of Nations, introduces the fundamental economic concept of the division of labour.
Panmure House Perspectives began life as a biannual business magazine. Hard-copy printing ceased in response to the Covid-19 pandemic in early 2020, and all our articles are now published fully online. Past editions of the printed magazine are still available to download in PDF format below.