Buying Local
Posted By Russ Roberts On April 5, 2007 @ 10:42 am In Podcast,Trade | Comments Disabled
In the latest EconTalk podcast, Mike Munger and I discuss the division of labor. On April 16th (with John Bogle on the 9th), Don (co-host here at the Cafe) and I discuss the virtues of "buying local," a topic closely related to the division of labor. But in the meanwhile, here is a magnificent illustration [1] (HT: Tim and someone else, please forgive me) of how the division of labor and buying local intersect. It’s the story of a class project to produce a man’s suit using pieces produced within a 100-mile radius of home. Not quite local, but local enough. Wired reports on the result:
The suit took a team of 20 artisans several months to produce — 500
man-hours of work in total — and the finished product wears its rustic
origins on its sleeve.
Self-sufficiency is the road to poverty.
As for the quality of the suit, check out these pictures [2].
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URLs in this post:
[1] here is a magnificent illustration: http://www.wired.com/culture/design/news/2007/03/100milesuit0330
[2] check out these pictures: http://blog.wired.com/monkeybites/2007/03/photos_of_the_1_1.html
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[7] Image: http://www.blinklist.com/index.php?Action=Blink/addblink.php&Url=http%3A%2F%2Fcafehayek.com%2F2007%2F04%2Fbuying_local.html&Title=Buying%20Local
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[12] Tweet: https://twitter.com/share
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