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division of labor

A collection of 4 issues

A. Smith Savvy

The woollen coat, for example, which covers the day-labourer, as coarse and rough as it may appear, is the produce of the joint labour of a great multitude of workmen. The shepherd, the sorter of the wool, the wool-comber or carder, the dyer, the scribbler, the spinner, the weaver, the

Thankful for the Work and Savings Ethics

In a previous post, I suggested that the problems of our ancestors put our problems in perspective. That's true. But it's also incomplete. Studying economics, and specifically economic history, ought to generate gratitude. To make that point, I reposted an essay I originally published at The

Learning Economics Generates Gratitude

In a previous post, I suggested that the problems of our ancestors put our problems in perspective. That's true. But it's also incomplete. Studying economics, and specifically economic history, ought to fill us with gratitude. To make that point, I repost an essay I originally published

Diamonds are Forever - The Division of Labor

I'm posting a 14-part series of mini-essays on diamonds (but really about the economic point of view). Here's part 3. The Division of Labor It’s obvious that the distribution of the world’s resources is vastly unequal. What’s sometimes overlooked is that this fact