Ranging from U.S. chicken feet exports to “Hamilton” tickets, our weekly roundup included China worries and price discrimination.
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.
This week’s economic news summary includes disputes about Kobe Bryant and intellectual property, Puerto Rican and Super Bowl subsidies, and deficit worries.
Low skilled labor bears more of the cost of free trade than comparative advantage and traditional economics have indicated.
Our everyday economics includes central planning, unintended consequences, comparative advantage, transportation infrastructure, cost & developing nations.
Displaying a shift in comparative advantage, some Chinese textile manufacturers are locating their factories the the U.S. rather than China.
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…