Smash Notes
Why Are Unskilled Americas Better Off Than Skilled Workers Elsewhere
at 5:14
Answer
In context of economics, self-sufficiency is the road to poverty, while specialization and trade makes us rich. The modern society has evolved to function in such a way where prosperity is anchored on trade between billions of individuals.
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- EconTalk
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- Economics of Trade and Specialization
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- Russ Roberts
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On this episode
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- Why Are Property Right the Key for Prosperity Transcript
- What Drives Trade and Specialization Transcript
- How Can We Leverage Our Human Potential Transcript
- Why Does It Make Sense to Specialize in a Particular Skill Transcript
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