division of labour There
is social division of labour, with people having different trades or *professions,
and there is technical or detailed division of labour, with people having
various small tasks that go to complete one product. One of the great advantages
of the *market is that it promotes the division of labour in *efficient
ways, thanks to its *anarchic *economic calculation. The greater specialization
allows people to produce much more than they otherwise would. This is why the
more people there are the easier it is to provide for them, as long as they are
allowed to produce and reproduce without *state interference (see *population; *natural
resources). One potential disadvantage of division of labour is that it can
result in boring repetition. Only the individual labourer can judge his
preferred trade-off between any tedium and higher wages in the choices of
employment available to him. Apart from the *libertarian division of labour
there can still be ‘efficiencies’ relative to the aims of any *criminal *organizations
involved, such as *governments. But these will have abandoned the *invisible
hand of the market.

See *comparative
advantage.

A Dictionary of Libertarianism