The "What is Money?" Show cover image

WiM055 - The Hillebrand Series | Episode 4 | Justice and Reason

The "What is Money?" Show

00:00

Division of Labor

division of labor means no more barter economy, rit were you where you provide valuable work for the people who actually a produce the goods that you want. Instead, you provide a service somewhere else, receive money and then give on the money. Aso vision of labor presupposes that it's best to focus on a task where you're good at and where were others, where others value this rightly. But in interactive society, right? So you can only go to the restaurant and buy a stake. If the cathedral that iam building is actually valued by others, namly pay me for it it in some form,. so that i get paid for the work that i do somewhere

Transcript
Play full episode

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