Cooperation: How a Free Market Benefits EveryoneQuicklink submitted by Darren Wolfe Permalink
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|The following attempts to explain the most important idea in the history of social analysis.
I speak of the division of labor, also known as the law of comparative advantage or the law of comparative cost, and also known as the law of association. Call it what you will, it is probably the single greatest contribution that economics has made to human understanding.
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