FIELDS, FACTORIES, AND 

 WORKSHOPS. 



CHAPTER I. 



THE DECENTRALISATION OF INDUSTRIES. 



Division of labour and integration The spread of industrial 

 skill Each nation its own producer of manufactured goods 

 The United Kingdom France Germany Russia 

 " German competition." 



WHO does not remember the remarkable 

 chapter by which Adam Smith opens his 

 inquiry into the nature and causes of the wealth 

 of nations ? Even those of our contemporary 

 economists who seldom revert to the works 

 of the father of political economy, and often 

 forget the ideas which inspired them, know 

 that chapter almost by heart, so often has it 

 been copied and recopied since. It has become 

 an article of faith ; and the economical history 

 of the century which has elapsed since Adam 

 Smith wrote has been, so to speak, an actual 

 commentary upon it. 



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