Although Adam Smith is well-known for emphasizing division of labor, his analysis was woefully incomplete, as Dr. Mark Thornton points out.

Economists and philosophers are trying to rethink our social models. Collaborative models are being imagined as a way of hoping to live in a better society. At the heart of this question is the ...

For humans, division of labor has become a necessity: No person in the world has all the knowledge and skills to perform all the tasks that are required to keep our highly technological societies ...

The COVID 19 pandemic made it quite obvious that not all people were equally at risk of catching the new virus. The elderly, the sick, and people with health problems needed special protection because ...