The Division of Labor Under Homogeneity: A Critique of Mises and Rothbard
Walter E. Block
Loyola University New Orleans - Joseph A. Butt, S.J. College of Business
Per Henrik Hansen
Copenhagen Business School
Peter G. Klein
University of Missouri, Division of Applied Social Sciences; Norwegian School of Economics, Department of Strategy and Management; University of Missouri, Truman School of Public Affairs; Mises Institute
American Journal of Economics and Sociology, Vol. 66, No. 2, pp. 457-464, April 2007
Even the most passionate defenders of free trade, such as Mises and Rothbard, claim that trade cannot occur under conditions of strict homogeneity of land, labor, and capital. We show that specialization, trade, and the division of labor can emerge even when resources are initially homogenous, due to "natural heterogeneity," economies of scale, and learning.
Number of Pages in PDF File: 8
Date posted: December 8, 2007
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