23 April 2001
TAYLOR, Frederick Winslow (1856-1915). The Principles of Scientific Management. New York and London: Harper & Brothers, 1911.
8o (227 x 150 mm). Original publisher's green cloth, spine gilt-lettered (minor wear to extremities).
THE RARE FIRST ISSUE OF THE FIRST EDITION, the origin of modern management theory. According to the statement on the title-page, this "special edition" was printed in February 1911 for confidential circulation among the members of the American Society of Mechanical Engineers "with the compliments of the author." It precedes the trade issue, published later the same year, which omits the Foreword and the Appendix.
As an engineer in the Bethlehem Steel Works in Philadelphia, Taylor developed an organizational system that he called "scientific management," later known as "time and motion study". "His system was based on what he estimated to be a fair day's work and the best means of ensuring such a standard of production." He was interested in any factor that hindered or helped in attaining this end, and besides studying factory conditions and methods in great detail he was responsible for fundamental changes in machinery and machine tools. "The main lines of approach to increased efficiency were standardizing processes and machines, time and motion study, and payment by results..." (PMM 403).
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