This track off of "HipHoponomics Vol. 2: The Man, the Myth, Adam Smith" unpacks Smith’s key concept of the Division of Labor. In Book I, Ch. III of The Wealth of Nations, Smith wrote, “As it is the power of exchanging that gives occasion to the division of labour, so the extent of this division must always be limited by the extent of that power, or, in other words, by the extent of the market.” Duke University economist Mike Munger further expands this point, as he puts it, “As the number of potential customers you can reach expands, and the costs of shipping and handling fall, factories become fewer and larger. There is far more capital investment in these factories, but fewer workers. And output increases ten-fold, a hundred-fold, a billion-fold.” In this track, I sought to convey that as free trade is able to expand, so then the Division of Labor is broken down into smaller and smaller tasks, with the result being dramatically increased productivity.