February 06, 2008
"The Division of Labour Gradually Becomes More General..."

"Originally confined to the narrowest circles of people, to immediate neighbours, the division of labour gradually becomes more general until eventually it includes all mankind." Ludwig von Mises, "Socialism," II.19.1

Greetings and Salutations. I'm Art Carden, I teach economics at Rhodes College, and I was recently assimilated by the DoL. In this space you will find commentary, teaching notes, helpful hints, money-saving coupons, and additions to my favorite blogospheric memes (channeling my inner Dave Barry, "Blogospheric Memes" would be a great name for a band). More is coming to an RSS reader near you very soon.

Posted by Art Carden at 02:38 PM

The statesman who should attempt to direct private people in what manner they ought to employ their capitals would not only load himself with a most unnecessary attention, but assume an authority which could safely be trusted, not only to no single person, but to no council or senate whatever, and which would nowhere be so dangerous as in the hands of a man who had folly and presumption enough to fancy himself fit to exercise it. -Adam Smith

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