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What Hamburgers (and the Division of Labor) Can Teach Us about Prosperity
What Hamburgers (and the Division of Labor) Can Teach Us about Prosperity
Oct 7, 2024 12:18 AM

A simple example of hamburgers being made at home versus at a restaurant can help illuminate the explosion of prosperity since the Industrial Revolution, says Don Boudreaux in this Marginal Revolution University video.

The story of the division of labor and development of specialized tools is an old story (Adam Smith introduced the concept in his Wealth of Nations), but it still has tremendous explanatory power about how prosperity is created.

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