Adam Smith and the Digital Economy: Connectedness and Gains From Trade

How can an 18th-century Scottish philosopher and economist help us understand the digital economy and our modern, hyper-connected world? That’s a question I’m tackling in a series of three essays at libertarianism.org. Digital technologies have increased our connectedness in profound ways. In the first essay I examine how Smith’s ideas about specialization and exchange combine … More Adam Smith and the Digital Economy: Connectedness and Gains From Trade