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Topic: English
Number of pages / Number of words: 9 / 2469
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In the same way that individuals might not want to build a town but only a house, they might not want to build a social division of labour, but only an organisational division of labour. However, the town does not come after the house not the social division after the organisational divisions; the latter develops simultaneously with the former – a point clearly made by Young (1928) in his classic paper...


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However, the town does not come after the house not the social division after the organisational divisions; the latter develops simultaneously with the former – a point clearly made by Young (1928) in his classic paper. The Smithian market is thus made of organisations and is surely not a market without organisations...


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