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.

    Cited by: 9|Bibtex|Views0|Links
    Keywords:
    comparative advantageeconomies of scalefree tradedivision of laborgains from trade

    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 special- ization, trade, and the division of labor can emerge even when resources are initially homogenous, due to "natural heterogeneity," economies o...More

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