Smash Notes
Economics of Trade and Specialization
Russ Roberts, host of EconTalk, does a monologue this week on the economics of trade and specialization. Economists have focused on David Ricardo's idea of comparative advantage as the source of specialization and wealth creation from trade. Drawing on Adam Smith and the work of James Buchanan, Yong Yoon, and Paul Romer, Roberts argues that we've neglected…
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Why Are Unskilled Americas Better Off Than Skilled Workers Elsewhere
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How Could An Individual Move To A Higher Level Of Prosperity
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Why Are Property Right The Key For Prosperity
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What Drives Trade And Specialization
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How Can We Leverage Our Human Potential
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Why Does It Make Sense To Specialize In A Particular Skill
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