The opening up of new markets, foreign or domestic, and the organizational development from the craft shop and factory to such concerns as U.S. Steel illustrate the same process of industrial mutation—if I may use that biological term—that incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one.
The improvement of the productive powers of labor, and the greater part of the skill, dexterity, and judgement with which it is anywhere directed or applied, seem to have been the effects of division of labor.
