Published Wednesday, February 28, 2007 by Jörg Guido Hülsmann
Plato's Republic purports to deal with the nature and conditions of a just republic, as well as with the perversions of justice in man and society. However, Guido Hulsman writes that its discussion of these normative topics is squarely built upon a positive theory of the origin and nature of society. And at the heart of this theory, as we shall see, is a sophisticated account of the division of labor. The theory of the division of labor is one of the cornerstones of economics. It is the very foundation of the scientific analysis of society and the market.
(Original Text)
How Society Works: Plato's Contribution (2.03 MB)