Many scholars, such as Ibn Kalduhn in the 14th century, or Emile Durkheim in the 20th, have considered the importance of division of labor for how societies function. Michael Munger takes a deeper dive into the history and significance of the division of labor in this three-part series at AdamSmithWorks:ĭivision of labor is one of the most important concepts in social science, not just for economics but for the study of societies in general. In fact, even a society of perfect clones would develop exchange, because specialization alone is enough to reward advances such as currency, accounting, and other features of market economies.ĭivision of Labor, from An Animal That Trades at AdamSmithWorks: But division of labor implies that this is not true. It would seem that exchange can arise only from differences in taste or circumstance.
Though the scientific understanding of the importance of division of labor is comparatively recent, the effects can be seen in most of human history. Division of Labor, from the Concise Encyclopedia of Economics
0 kommentar(er)
