Monday, 3 September 2012


Since students are away again on holiday this week, I’m told there is no ‘Economics for Real People’ session tonight.

So to keep your brain active until next week, when uni students finally return, have a think about this 16-minute talk by Matt Ridley, author of The Rational Optimist (a great companion to discussions of spontaneous order).

What he is talking about here is the Division of Labour—as talked about earlier in the year—particularly the importance of the Multiplication of Knowledge that is only possible in a division-of-labour society.

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