Industrial Revolution Insights
The discussion highlights how Adam Smith viewed small artisanal manufacturing as a precursor to the massive economies of scale introduced by the Industrial Revolution. As firms grew larger, the dynamics between workers and bosses shifted, leading to a hierarchical structure that often resulted in greater distance and potential for abuse. The camaraderie of small workshops gave way to a more impersonal factory system, fundamentally changing labor relations.In this clip
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EconTalk
Elizabeth Anderson on Worker Rights and Private Government
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