Thursday, February 2, 2012

Arnold Kling: Government Cannot Create Sustainable Jobs - WSJ.com

Arnold Kling: Government Cannot Create Sustainable Jobs - WSJ.com: " Smith famously described the advantages of specialization and division of labor. Ricardo pointed out the gains from trade that come from consuming goods that others produce more efficiently. From the perspective of Smith and Ricardo, real jobs emerge in the context of patterns of sustainable specialization and trade."

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