The Division of Labor Under Homogeneity: A Critique of Mises and Rothbard |
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| Authors: | Walter Block Per Henrik Hansen Peter G. Klein |
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| Affiliation: | Loyola University, New Orleans; Department of Economics, Copenhagen Business School, Denmark; University of Missouri, Columbia |
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| Abstract: | ![]()
A bstract . 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. |
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