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A Nation Of Einsteins

This post is also available in: German

A libertarian open-borders economist asserts:

Smart people may excel in all activities, but as the law of comparative advantage reveals (see here and here) everyone’s better off if people with high IQs outsource their less challenging tasks to others.  In a society of Einsteins, Einsteins take out the garbage, scrub floors, and wash dishes.

A nation of Einsteins would invent labor-saving devices for these mind-numbing tasks. And a nation of Einsteins wouldn’t make as much of a mess to begin with. How conveniently these libertarian economists forget the concept of externalities.

Stupid people do a lot to me. Have you paid taxes lately?

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