Division of labor

The Austrian Academy 2021: Liberation from Academic Lockdown

Capitalism and the market economy are the foundations of our prosperity, which, thanks to globalization, is also spreading to places in which poverty still prevailed decades ago. At the Austrian Academy 2021 experts explain to twenty-two young people why this is so.

Martin Rhonheimer

26. October 2021

Economic Liberalism Is Not Social Darwinism: From Adam Smith to Charles Darwin

A hundred years before Darwin, the economist and philosopher Adam Smith discovered that, thanks to the division of labor, the most skilled workers and enterprises prevail, not simply the ones with more brute strength. Darwin was significantly influenced by this idea.

Peter Keppeler

14. May 2021

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Division of labor

The Austrian Academy 2021: Liberation from Academic Lockdown

Economic Liberalism Is Not Social Darwinism: From Adam Smith to Charles Darwin

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