[Lnc-business] Adam Smith and the Libertarian Party

[Scott L.]

http://www.wwnorton.com/college/polisci/campaignsandelections/ch/06/outline.
aspx

 

 

"Political Parties 

1.    The goal of electing public officials is what unites political parties
and what distinguishes them from other groups."

 

 

http://fee.org/freeman/detail/specialization-and-wealth

"Adam Smith illustrates the importance of specialization, or the division of
labor, by considering the advantage of having each worker in a pin factory
concentrate on a particular step in production rather than producing a pin
from beginning to end. Through specialization workers can become more
skillful, use machinery that increases their productive powers, and avoid
the loss of time from constantly changing activities. These advantages are
rather obvious, but the increase in productivity is far greater than one
would expect. According to Smith, ten pin-makers, by specializing in
different tasks, can produce about forty-eight thousand pins a day. But if
each attempted to perform every task in pin production, Smith doubted that
they could each make twenty pins a day, or two hundred among them."

 

This is why I am so interested in seeing the Libertarian Party elect
Libertarians to public office.

Having the word "Party" in our name implies that we follow the definition
above, which is the standard definition of the phrase "political party".

It is clear that the more we specialize in winning elections,  the more
Libertarians we will elect.  I have yet to find anyone who can successfully
argue why it is better that the Libertarian Party should be a third-rate
Cato Institute, instead of

a first-rate political party.

    Scott Lieberman

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