Because Chinese chicken tariffs on U.S. chicken paws violate the rules of the World Trade Organization, the U.S. has taken them to an international “court.”
More than just people moving, the ease of interstate migration is one example of the benefits of a national market with one currency and fiscal policy.
We can see by looking at a single firm that makes waders in Montana that the Trans-Pacific Partnership combines Adam Smith with David Ricardo.
The consumer benefits from free trade with cheaper goods that most help low income households, more variety, and a GDP rise that boosts living standards.
With the TPP ready for the U.S. Congress’s debate on the free trade deal, we can remember NAFTA, comparative advantage and the fruits of free trade.
Low skilled labor bears more of the cost of free trade than comparative advantage and traditional economics have indicated.
Our economic news summary includes how the sharing economy relates to outdated regulatory policy, elections and markets, and Super Bowl ad monopolies.
A legacy of the transportation and communications paralysis from NYC’s blizzard of 1888 was a nudge toward an underground transportation infrastructure.
The free trade pact that Congress is debating, the Trans-Pacific Partnership, has an ISDS (Investor-State Dispute Settlement) clause that’s controversial.