This week, I witnessed an unexpected example of Adam Smith’s division of labor in action—within Claremont’s growing network of charitable organizations. The principles of free markets, particularly the efficiency that emerges from cooperation and specialization, are well-established. Despite being outlined over 400 years ago, Smith’s insights into industrial productivity find strong support in Claremont’s nonprofit… Continue reading Free Market Principles in Claremont’s Charity Sector: A Model for Efficiency and Cooperation
