The Division of Labor Under Homogeneity: A Critique of Mises and Rothbard
American Journal of Economics and Sociology, Volume 66, Issue 2, 2007, Pages 457-464.
comparative advantageeconomies of scalefree tradedivision of laborgains from trade
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 special- ization, trade, and the division of labor can emerge even when resources are initially homogenous, due to "natural heterogeneity," economies o...More
Full Text (Upload PDF)
PPT (Upload PPT)