The division of labor allows specialists to focus on their strengths in the marketplace. The idea is as good and useful today as it was when Adam Smith first talked about it in The Wealth of Nations. But the division…
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Tag archives for Adam Smith
Adam Smith for dummies
Despite their obvious differences, Das Kapital and The Wealth of Nations share at least one similarity: Nobody reads them. In the case of Karl Marx, this is no tragedy. Thanks to the colorful antics of history (many of them sticky and…
