The Dissenter cover image

#488 Erik Kimbrough: Norms, Institutions, Impersonal Exchange, Specialization, and Organ Donation

The Dissenter

00:00

The Evolution of Specialization and Exchange

All the specialization developed well I'm I think Adam Smith basically got this right and it's predicated on trade so you know it with my earliest research when I was a graduate student I worked with Bart Wilson and Vernon Smith. In all of our sessions that figured out how to specialize it was first because they started to trade, he says. As soon as somebody saw that you could give and somebody else could give back they were like hey what are you good at making what is it that you're better at making?

Play episode from 33:32
Transcript

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app