Quotulatiousness

August 19, 2015

The Big Ideas of Trade

Filed under: Economics — Tags: , , , — Nicholas @ 02:00

Published on 25 Feb 2015

Trade makes people better off, but how? In this video we discuss the importance of specialization and division of knowledge. Specialization leads to improvements in knowledge, which then lead to improvements in productivity. For instance, physicians who specialize are able to learn more about one specific area in medicine, and we benefit from better health care because of this.

What does specialization have to do with trade? What can we learn from Star Trek about the division of knowledge? Is globalization a good thing? We’ll answer these questions and others in this introductory video on the big ideas of trade.

Related posts:

  1. New economic ideas on employment and stimulus
  2. If NAFTA was real free trade “it wouldn’t contain 22 chapters of rules and regulations”
  3. Six political talking points on international trade that are myths
  4. Free trade is for consumers, not producers
  5. “Free Trade” deals usually have little to do with actual free trade

No Comments

No comments yet.

RSS feed for comments on this post.

Sorry, the comment form is closed at this time.

Powered by WordPress