division of labor Archives

How To Prepare Three Tons of Food

In Krakow, Poland, hundreds of voluteers implement Ukrainian food distribution by using Adam Smith’s division of labor.

Weekly Economic News Roundup and gender equality

Where (and When) Do Women Earn More?

Whereas a Pew report says that young women’s gender pay gap has disappeared in 22 metropolitan areas, the whole story is not quite as good.

Gender Issues

Why We Have a Chores Gap

Especially evident during pandemic lockdowns, at home we have a chores gap that determines who does the housework.

weekly economic news roundup and economic complexity

Trade & Comparative Advantage

A Simple Look at the World’s Most Complex Economies

To its detriment, the U.S. might have insufficiently recognized the impact of China’s economic complexity in the U.S. China trade deal.

Our Weekly Economic News Roundup and doughnut mass production

The Market System

All You Need to Know About Doughnuts

Knowing that last Friday was National Doughnut Day, we can thank the inventor that made doughnut mass production possible.

Weekly economic news roundup and manufacturing socks

Labor

What a Sock Can Teach Us

Manufacturing Socks in a Regional Cluster Helps Firms to Optimize Production

What's Trending

How to Become More Productive

Shown by Fitbits, workplace output goals and division of labor, when implicit and explicit targets increase self-control, they boost productivity.

French fries, Adam Smith and restaurant mass production

Economic Ideas

Restaurant Economics: How to Make 1500 Meals a Day

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 originated in Washington State.…