The Choice Between Free Trade and Tariffs

Low skilled labor bears more of the cost of free trade than comparative advantage and traditional economics have indicated.

Weekly Roundup: From Cloned Cows to T. Rex Sales

This week’s economic news summary included China’s cloned cows, turkey facts and productivity,food lawsuits and limited liability and economic development.

Why Cigarette Ads Affect the Trans-Pacific Partnership (TPP)

The free trade pact that Congress is debating, the Trans-Pacific Partnership, has an ISDS (Investor-State Dispute Settlement) clause that’s controversial.

Weekly Roundup: From Traffic Congestion to Job Evaluation

Our everyday economics includes central planning, unintended consequences, comparative advantage, transportation infrastructure, cost & developing nations.

The Deal That a Chinese Firm Could Not Refuse

Displaying a shift in comparative advantage, some Chinese textile manufacturers are locating their factories the the U.S. rather than China.

Weekly Roundup: From Slicing Bread to Saving Honeybees

Our everyday economics includes behavioral economics, commitment devices, environment, supply, regulation, free trade, gender issues and the minimum wage.

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.

What the Big Mac Says About the Trans-Pacific Partnership

While opponents of the TPP free trade deal cite currency manipulation, cheaper exports from countries with cheaper currencies save money for U.S. buyers.

Weekly Roundup: From Free Delivery to Expensive Coffee

Our everyday economics includes competition, progressive taxes, free trade, externalities, sunk cost, productivity, supply chain, incentives, & tradeoffs.

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,