Mises Daily
Author:
Sudha R. Shenoy
Online Publish Date:
The history of mankind is the record of the progressive intensification of the division of labor [] The operation of [this] principle and its corollary, cooperation, tends ultimately toward a world-embracing system of production. (Ludwig von Mises, Theory and History , 1958, pp. 234, 235) The more [we] want to improve [our] material well-being,