Trade

The Ease of Doing Business Rankings | The World Bank

tlwagner — Wed, 13 Nov 2019 21:08:09 +0000

The Ease of Doing Business Rankings | The World Bank

Economies are ranked on their ease of doing business, from 1–190. Read more

John Maynard Keynes "National Self-Sufficiency"

tlwagner — Wed, 06 Nov 2019 15:10:38 +0000

John Maynard Keynes "National Self-Sufficiency"

An article from the Yale Law Review by John Maynard Keynes Read more

Why Do Countries Trade?

tlwagner — Tue, 13 Aug 2019 20:42:55 +0000

Why Do Countries Trade?

Quick recap on the main economic justifications/reasons for countries to trade with one another for greater economic prosperity. Read more

The Wealth-Creating Logic of Exchange is Pretty Simple. Here It Is.

tlwagner — Fri, 12 Jul 2019 15:26:28 +0000

The Wealth-Creating Logic of Exchange is Pretty Simple. Here It Is.

Scratch almost any economist and you will find someone who is firmly committed to free trade and, most likely, someone who largely agrees with his colleagues who signed a 2006 Open Letter to President Bush and Congress organized by the Independent Institute--for whom I serve as a Senior Research Fellow--arguing that immigration, even of low-skill workers, is a net boon to the US economy. Read more

The Invention of Money

tlwagner — Thu, 16 May 2019 18:57:59 +0000

The Invention of Money

Five reporters stumbled on what seems like a basic question: What is money? The unsettling answer they found: Money is fiction. Read more

International Trade Introduction

tlwagner — Thu, 16 May 2019 18:49:20 +0000

International Trade Introduction

You'll have the opportunity to learn more about fundamental ideas such as comparative advantage, increasing returns to scale, factor endowments, and arbitrage across borders. The consequences we discuss include the effects of offshoring, how trade has shaped the economies of China, Mexico, and Korea, when foreign direct investment is desirable, and the history of free trade and tariffs, among other topics. Read more

Trade | Paul Solman

tlwagner — Wed, 15 May 2019 02:44:51 +0000

Trade | Paul Solman

In this video, Paul Solman discusses the benefits of trade. Read more

I'll Stick With These: Some Sharp Observations on the Division of Labor

tlwagner — Wed, 15 May 2019 02:35:18 +0000

I'll Stick With These: Some Sharp Observations on the Division of Labor

A blog post on the division of labor, by Mike Munger. Read more

The Hockey Stick of Human Prosperity

tlwagner — Wed, 15 May 2019 01:57:44 +0000

The Hockey Stick of Human Prosperity

On a timeline of human history, the recent rise in standards of living resembles a hockey stick -- flatlining for all of human history and then skyrocketing in just the last few centuries. Read more

Cave-o-nomics

tlwagner — Thu, 25 Apr 2019 17:22:23 +0000

Cave-o-nomics

How did the economy get started? Meet Ugg, Glugg and Tugg, three enterprising cave men who accidentally invented trade, marketing and the base elements of the modern market economy. Read more