Dexa/Russ Roberts

Plowing the Deep

William Bernstein discusses the concept of "plowing the deep" and the importance of specialization of labor in creating wealth. He explores the influence of this idea on Adam Smith and the benefits of buying things more cheaply from abroad.

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EconTalk
William Bernstein on the History of Trade
Related Questions
- Why is exchanging goods important in the context of the episode Don Boudreaux on the Economics of "Buy Local" and the clip The Benefits of Trade?