Adam Smith an Early "Lean Thinker"?

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Quotes from Adam Smith – Adam Smith Institute:

“Consumption is the sole end and purpose of all production; and the interest of the producer ought to be attended to, only so far as it may be necessary for promoting that of the consumer.

The Wealth of Nations, Book IV Chapter VIII”

I stumbled across this quote a few years ago and just rediscovered it. The Wealth of Nations was written in 1776. This quote sounds like it could be taken straight from Shingo or Ohno! Sounds like Adam Smith was against the “Waste of overproduction”??

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Mark Graban
Mark Graban is an internationally-recognized consultant, author, and professional speaker, and podcaster with experience in healthcare, manufacturing, and startups. Mark's new book is The Mistakes That Make Us: Cultivating a Culture of Learning and Innovation. He is also the author of Measures of Success: React Less, Lead Better, Improve More, the Shingo Award-winning books Lean Hospitals and Healthcare Kaizen, and the anthology Practicing Lean. Mark is also a Senior Advisor to the technology company KaiNexus.

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