Labour potential of the community is a complex system of the elements such as the labor power of demographic system and the institutional capacity of social system. The institutional capacity provides the division of labor and integration of individuals in the process of social production. The...

In his Inquiry into the Nature and Causes of the Wealth of Nations Adam Smith (1776) considered the phenomenon of division of labor so enormously significant for the creation of a nation’s wealth that he devoted the first three chapters of his book to an investigation of this process. This is...

The classical case of comparative advantage is put into a new formal framework, that is, the behavioral axioms of standard economics are replaced by a set of structural axioms. This enables a comprehensive analysis that takes the effects on income and profit explicitly into account. The axioms...

This chapter analyses some phenomena in organized religion from the point of view of economics. It is argued that religious activity derives from the individual's quest for sense and justification that molds institutional and other features of religious activity, as brought about by competitive...

Labor potential of a society is a complex system of elements such as a labor potential of demographic system and an institutional capacity of a social system. An institutional element provides a labor division and human’s integration in the process of public production. The paper presents an...