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The Division of Labor Under Homogeneity: A Critique of Mises and Rothbard

8 Pages Posted: 8 Dec 2007  

Walter E. Block

Loyola University New Orleans - Joseph A. Butt, S.J. College of Business

Per Henrik Hansen

Copenhagen Business School

Peter G. Klein

Baylor University, Department of Entrepreneurship; Norwegian School of Economics, Department of Strategy and Management; Mises Institute

Abstract

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.

Suggested Citation

Block, Walter E. and Hansen, Per Henrik and Klein, Peter G., The Division of Labor Under Homogeneity: A Critique of Mises and Rothbard. American Journal of Economics and Sociology, Vol. 66, No. 2, pp. 457-464, April 2007. Available at SSRN: https://ssrn.com/abstract=1061804 or http://dx.doi.org/10.1111/j.1536-7150.2007.00520.x

Walter E. Block (Contact Author)

Loyola University New Orleans - Joseph A. Butt, S.J. College of Business ( email )

6363 St. Charles Avenue
Box 15, Miller 321
New Orleans, LA 70118
United States
(504) 864-7944 (Phone)
(504) 864-7970 (Fax)

Per Henrik Hansen

Copenhagen Business School ( email )

Solbjerg Plads 3
Frederiksberg C, DK - 2000
Denmark

Peter G. Klein

Baylor University, Department of Entrepreneurship ( email )

Waco, TX 76798
United States
254-710-4903 (Phone)

Norwegian School of Economics, Department of Strategy and Management ( email )

Breiviksveien 40
N-5045 Bergen
Norway

Mises Institute ( email )

Auburn, AL
United States

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