Andrea Mario Lavezzi
Abstract
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As is well known, one of the main insights of Adam Smith’sWealth of Nations was that the most important engine of economic growth is the division of labor. In particular, Smith argued that the division of labor is limited by the extent of the market. Young (1928) made a significant advance by
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As is well known, one of the main insights of Adam Smith’sWealth of Nations was that the most important engine of economic growth is the division of labor. In particular, Smith argued that the division of labor is limited by the extent of the market. Young (1928) made a significant advance by
Key concepts: Competition (biology), Dynamics (music), Cellular automaton, Economics, Diffusion, Mechanism (biology), Simple (philosophy), Microeconomics