Division of Labor: Burgers and Ships

Title:: Division of Labor: Burgers and Ships
Description:: A simple example of hamburgers being made at home versus at a restaurant can help illuminate the explosion of prosperity since the Industrial Revolution. The story of the division of labor and development of specialized tools is not a new one — Adam Smith began The Wealth of Nations with this concept. Yet it still has tremendous explanatory power about the world we inhabit.

What topic should we do next?
http://feedback.mruniversity.com/forums/256061-everyday-economics-boudreaux-on-trade-and-prospe

Ask a question about the video:
http://mruniversity.com/courses/everyday-economics/division-labor-burgers-and-container-ships/#QandA

Next video:
http://mruniversity.com/courses/everyday-economics/division-knowledge-medicine-specialities

more » « less
Video Language:: English
Team:: Marginal Revolution University
Project:: Everyday
Duration:: 03:50

	Lilian Chiu edited Chinese, Traditional subtitles for Division of Labor: Burgers and Ships
	Lilian Chiu edited Chinese, Traditional subtitles for Division of Labor: Burgers and Ships
	Lilian Chiu edited Chinese, Traditional subtitles for Division of Labor: Burgers and Ships
	AlexandreLegeay edited French subtitles for Division of Labor: Burgers and Ships
	Yanning Jin edited Chinese, Simplified subtitles for Division of Labor: Burgers and Ships
	Yanning Jin edited Chinese, Simplified subtitles for Division of Labor: Burgers and Ships
	Jing Peng edited Chinese, Simplified subtitles for Division of Labor: Burgers and Ships
	Yahya Gannour edited Arabic subtitles for Division of Labor: Burgers and Ships