What was revolutionary about Adam Smith's pin factory?

Answer 1

The revolutionary value of Adam Smith's pin factory can not be overstated. Before Smith's pin factory came along, pins did not have a pointy end. In fact before Adam Smith's new design, pins were made with a flat base similar to that of a nail. Needless to say - seamstresses, patients, and voodoo doctors realise the revolutionary work Smith and celebrate his birthday every year.

Answer 2

Adam Smith's pin factory exemplified the division of labor, where workers specialized in specific tasks to increase productivity. This system enabled workers to become more skilled at their tasks and produce goods more efficiently, leading to increased productivity and lower costs. Smith's discussion of the pin factory in "The Wealth of Nations" helped lay the foundation for modern economic theory.