Quotation of the Day…

by Don Boudreaux on July 11, 2011

in Civil Society, Complexity & Emergence, Creative destruction, Standard of Living, Work

… is from Matt Ridley’s May 22, 2010, Wall Street Journal article entitled “Humans: Why They Triumphed.” (HT Jim Dorn, editor of the Cato Journal):

The story of the human race has been a gradual spread of specialization and exchange….  Prosperity consists of getting more and more narrow in what you make and more and more diverse in what you buy.  Self-sufficiency – subsistence – is poverty.

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