Institute for New Economic Thinking
The Invisible Woman [Jayati Ghosh]
Economics has many flaws, yet few are as broadly oppressive as its illusions about gender.
Professor Dave Explains
Specialization and Division of Labor
We've already learned about trade, and this leads nicely into the concept of specialization. This is something that can be done by an individual, a company, or even an entire country, by focusing on a few skills, or the production of a...
Crash Course
Specialization and Trade
Do companies work better when everyone works on everything, or when each person or department focuses on one specialized task? Explore the benefits of specialization and trade in the modern global economy with a explanatory video.