First trade edition in a presentation binding with the name of Olaf Nelson gilt stamped to front board. The style of binding and manner of gilt-stamping the name to front board is identical to other association copies of this important business text. The owner was likely Ta'isi Olaf Frederick Nelson (1883-1944), one of the most successful businessmen in Samoa who became one of the founding leaders of the Mau movement for Samoan independence from New Zealand colonial rule. "F. W. Taylor, an engineer in the Bethlehem Steel Works in Philadelphia, was the originator of what he called 'scientific management', now 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 changers in machinery and machine tools. The main lines of approach to increased efficiency were standardising processes and machines, time and motion study, and payment by results, all of which have been welcomed in the U.S.S.R., where 'Stakhanovism' is virtually 'Taylorism' renamed, and in Germany, where the Principles was translated and achieved a wide circulation (thirty-one thousand copies sold by 1922). The adoption of his methods there contributed notably to the speedy recovery of German production after the First World War. His methods were anathema to trade unionists almost everywhere else. Taylor's principal contribution to engineering was the development, with Maunsel White, of a new method of tempering tool steel which permitted metal-cutting at very high speeds." (PMM). This trade edition is preceded only by the privately distributed edition in the same year.
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