Empathy of labor

I make books. I don’t make shoes. But if it would help me make better books, then maybe I should learn what goes into making a pair of shoes. 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 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 sanguinary), anyone can see that the bewhiskered dreamer was full of crap. Not so with [...]