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The London Libertarian

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Commentary and debate on politics, economics and culture from a libertarian perspective. To Libertarian Alliance Website >

division of labour

EconomicsPosted by Jan Lester Mon, April 07, 2014 16:01:32

division of labour There is social division of labour, with people having different trades or *professions, and there is technical or detailed division of labour, with people having various small tasks that go to complete one product. One of the great advantages of the *market is that it promotes the division of labour in *efficient ways, thanks to its *anarchic *economic calculation. The greater specialization allows people to produce much more than they otherwise would. This is why the more people there are the easier it is to provide for them, as long as they are allowed to produce and reproduce without *state interference (see *population; *natural resources). One potential disadvantage of division of labour is that it can result in boring repetition. Only the individual labourer can judge his preferred trade-off between any tedium and higher wages in the choices of employment available to him. Apart from the *libertarian division of labour there can still be ‘efficiencies’ relative to the aims of any *criminal *organizations involved, such as *governments. But these will have abandoned the *invisible hand of the market.

See *comparative advantage.

A Dictionary of Libertarianism

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