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Extra resources for Papers and Correspondence of William Stanley Jevons: Volume VI Lectures on Political Economy 1875–1876

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This territorial division of labour does not exist merely between difft. parts of a country but also in towns. In London, for example, banking business in Lombard St. Lawyers, Lincoln's Inn and Temple. Newspaper business, Strand. Booksellers in Paternoster Row. Stockbrokers, exchange Corn dealers, Mark Lane. Tea and sugar, Mincing Lane. Watchmakers in Clerkenwell- which is a remarkable case and one of great antiquity- every part of a watch which a man makes is posted on his door. This division of labour or localisation of industry is remarked in Hearne.

5· There are a few cases which extend the action of force over a long period of time- reverse of the last, and best represented by winding up a clock-which consists in putting a considerable amount of energy into a clock in the short time occupied in winding up and then the clock goes on for 24 hours gradually expending itself. Read Chapter on Productive and Unproductive labour in Mill. 18 Also begin reading the first chapter in Smith's Wealth ofN ations- the Ch. on the division of labour. 1 9 LECTURE V DIVISION OF LABOUR Nov.

But perhaps they have not found the best spots. And then, I apprehend a kind of experience has been accumulated that can't be expected in a new country. The same thing may be said about England, where trade is settled in different spots. Metals at B'ham, steel at Sheffield. It is not possible to give any explanation except that these trades have become hereditary in these difft. places, and the chief difficulty is to say whether it is traditional or innate. This territorial division of labour does not exist merely between difft.

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