Complete Whimsy, Individual v. Collective, Live and Learn

Why the Division of Labor is Important

As Adam Smtih discussed with pins in The Wealth of Nations and Milton Friedman discussed with regards to a simple pencil, it’s amazing how the normal products we use are assembled using parts from and in a variety of different places in the world. Here, Thomas Thwaites talks at TED about his strange decision to try to make a toaster all by himself.

Well, it only took him nine months and cost 300 times as much as a normal toaster… and it looked ridiculous and worked for only five seconds. Thank you, division of labor:

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