"If every family produced all that it consumed, society could keep going although no exchange of any sort took place; without being fundamental, exchange is indispensable in our advanced state of society. The division of labour is a skilful deployment of man’s powers; it increases society’s production-its power and its pleasures-but it curtails, reduces the ability of every person taken individually. Production cannot take place without exchange"
Division of labor

January 1, 1970

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Original Language: English