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Quotation of the Day…

Posted By Don Boudreaux On July 11, 2011 @ 11:09 pm In Civil Society,Complexity & Emergence,Creative destruction,Standard of Living,Work | Comments Disabled

… is from Matt Ridley’s May 22, 2010, Wall Street Journal article entitled “Humans: Why They Triumphed. [1]” (HT Jim Dorn, editor of the Cato Journal [2]):

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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[1] Humans: Why They Triumphed.: http://online.wsj.com/article/SB10001424052748703691804575254533386933138.html

[2] Cato Journal: http://www.cato.org/pubs/journal/

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