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Specialization and Surpluses

In: The Rise and Fall of an Economic Empire

Author

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  • Colin Read

Abstract

Just as the advantages of markets cannot be denied or contained, humans in the pursuit of their own self-interest inevitably discovered the advantages of specialization. Our time and effort are perhaps the most precious resources of all, and each of us strives to use our endowed resources most efficiently to produce that which will best sustain us. We naturally gravitate to an economic system that best caters to our desire to use our endowed resources most efficiently.

Suggested Citation

  • Colin Read, 2010. "Specialization and Surpluses," Palgrave Macmillan Books, in: The Rise and Fall of an Economic Empire, edition 0, chapter 3, pages 22-31, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-29707-4_4
    DOI: 10.1057/9780230297074_4
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