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.
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