The Reason for Endless Shrimp

Aquaculture created the comparative advantage that led to shrimp mass production and global trade that diminished the domestic shrimp industry.

How the Trans-Pacific Partnership is About New Balance and Nike

Looking at tires, fashion and NAFTA, we can see the lost jobs opposition to free trade and the pro free trade response.

Three Charts That Explain the TPP Free Trade Deal

Although pacts like the TPP are politically controversial, economists have supported free trade since David Ricardo explained comparative advantage,

The Surprising Reason Your Car Was Made in Mexico

More than its low labor costs, Mexico is attracting car manufacturers away from the U.S. because it has free trade agreements with more than 40 countries.

How the EU is Like a Dysfunctional Family

Like a dysfunctional family with members who dislike each other, the EU stays together because of the benefits of David Ricardo’s comparative advantage.

The Reason There Are Fewer Russian McDonald’s

Embargoing goods from countries that imposed sanctions, Russia included McDonald’s and ignored the benefits of David Ricardo’s comparative advantage.

Our Weekly Roundup: From Traffic Lights to Sneakers, Everyday Economics Explained by 5 Great Economists

Our Econlife roundup for the week 7.14.14 An island without traffic lights displays the benefits of Adam Smith’s laissez-faire…more   7.15.14 Why David Ricardo would approve of where your sneakers were made…more   7.16.14 John Maynard Keynes could say why you’ll get less Social…

What Would David Ricardo Say About Your Sneakers?

While the uniforms, boots and other items worn by the military are supposed to be 100% “Made in the USA,” exceptions are okay if we cannot make what they need. Athletic shoes became one of those exceptions when the Defense…

A Trade Dispute About My Washing Machine

I suspect that my new LG washing machine was more expensive than it should have been. Made by a South Korean firm, this washing machine (and others like it) was the target of a complaint that Whirlpool filed with the US Department…

The California/Missouri Chicken Cage Disagreement

Sort of like coach or first class, most of the chickens that lay our eggs live in a battery or a colony cage.  In the typical cage called the battery, a chicken has 67 square inches. By contrast, colony cages…