Russ Roberts on Smith, Ricardo, and Trade
EconTalk
00:00
Is There a Market for Sandwiches if We're All Identical?
Buchanan and un point out that even when we're all identical, it is possible that the sandwich business can thrive. Even if there are enough hunters, if our group is large enough, it can be productive for me to become a sandwich maker and make all of us better off. The addition of technology to the sandwich making process makes sense when i'm making a hundred sandwiches or 500 but not when i'm only making one. If you love cooking, you love being in the kitchen, you love making a beautiful sandwich. That might mean tht you're wiling to forego more meat than you otherwise would. And so there's non monetary factors that come into our choice of job
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