Adam Smith was wrong: we need to diversify, not specialize

The crazy things about economics is that so much of what we’re taught growing up is actually wrong. Today we take a look at the myth about specialization by talking about Fitzcarraldo, biology and the impact that diversification has had on Ireland

Join the gang! https://plus.acast.com/s/the-david-mcwilliams-podcast.




Hosted on Acast. See acast.com/privacy for more information.

More from The David McWilliams Podcast

  1. 31:542024:32 HumanomicsApr 18, 2024
  2. 30:242024:31 What Elon's travails tell us about the New Cold War?Apr 16, 2024
  3. 28:522024:30 Common Law or Common Sense? Nimbyism's Grip on HousingApr 11, 2024
  4. 38:262024:29 Eat the Rich with Nick HanauerApr 09, 2024
  5. 38:482024:28 The Souk Versus The Citadel with Bassem YoussefApr 04, 2024
  6. 41:392024:27 Sam Bankman Fried and Male Over-Confidence with Michael LewisApr 02, 2024
  7. 29:532024:26 The Curse of InheritanceMar 28, 2024
  8. 39:582024:25 Should We Copy The Swiss Or Is That Too Cheesy?Mar 26, 2024
  9. 28:202024:24 The Dehumanisation of CuriosityMar 21, 2024
  10. 40:552024:23 The Economics of the Creative Mind with Ed GuineyMar 19, 2024