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

The David McWilliams Podcast

David McWilliams

News & Politics

4.6 • 643 Ratings

🗓️ 6 December 2022

⏱️ 40 minutes

🔗️ Recording | iTunes | RSS

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Summary

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

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Transcript

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1:41.0	How you doing there? I hope all as well. As you can see, we're in a very giggly mood today,
1:46.6	which is actually quite typical for us, but we are trying to make economics a little bit more giggly, a little bit more comprehensible.
1:49.6	The giggly or the better.
	...

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