The founder of modern economics, Adam Smith, argued for specialization during his discussion of the pin factory. Smith noted that individuals working in a factory were able to make somewhere between one and twenty pins in a day; however, if there were to be a group of pin makers who would specialize in each section of the pin making process, the production would go much quicker. How quick? Smith estimated that ten people working alone could make between 10 and 200 pins a day, but with ten people uniquely specialized to contribute to each step of the process, there could be around 48,000 pins produced a day.
Category: education
The Carrot or the Stick?
The question of motivation is one that plagues the mind of the procrastinator, the binge watcher of Netflix, and the collegiate student alike. There is no doubt that motivation is one of the most ambiguous terms in our language in the sense that not only is it hard to adequately state what motivation is, but it is also challenging because each individual is motivated by different things.
Death by Guidance
High school guidance counselors play a game with the objective to win. Sadly those victories come at the cost of the students in which the counselors serve. What I mean to say is: high school counselors do not always have their students’ best interests in mind.
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