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MOOCs, Mechanization, and the Modern Professor

Recently, in a course on classical political economy, my students and I discussed mechanization and its effects on employment. Having read Adam Smith’s classic text, The Wealth of Nations, we examined the productivity gains from the division of labor in his well-known pin-factory example—in which he demonstrated that workers who specialize in particular tasks outproduce those who perform every task themselves.

 

Read the article HERE.