I can see that, in a little while, we will be short of everything, because we will no longer have any need to make anything.
Category: Division of labour
XIX. – NATIONAL INDEPENDANCE.
I am fully aware that I will be blamed (for this is the current fashion) for resting fraternity between nations on self-interest, vile and prosaic interest.
XIII. – THEORY AND PRACTICE.
It is better to purchase from others what it would cost more to produce ourselves.
XII. – DOES PROTECTION INCREASE THE RATE OF PAY?
With a given amount of capital and labor, a quantity of output is created that decreases in proportion to the number of obstacles it encounters.