In classic economics, a marriage is, at least in part, an exercise in labor specialization.

FORBES: Careers And Marriage

Nobel laureate Gary S. Becker argued that when the labor specialization in a marriage decreases--if, for example, both spouses have careers--the overall value of the marriage is lower for both partners because less of the total needed work is getting done, making life harder for both partners and divorce more likely.

FORBES: Careers And Marriage

Free trade raises our standard of living, not by adding jobs, but by increasing what Adam Smith called the division and specialization of labor, making jobs more productive.

FORBES: Protection Does Not Create Jobs

When individuals in other nations suffer the economic pain of inflation through declining investment, we too hurt for the natural expansion of the global division of labor that authors our economic specialization being halted to varying degrees.

FORBES: Bernanke's Confusion Is Our Economic Ill Health