The Impact of Trade
Robert Frank and Russ Roberts discuss the impact of free trade on the surplus and individual shares, highlighting the importance of considering how one's share will be affected. They delve into the example of labor losing in the American context and the potential for transferring resources to make everyone better off. The conversation also touches on the role of technological change and its impact on individuals' competitiveness.In this clip
From this podcast
EconTalk
Robert Frank on Coase
Related Questions
How does trade affect the economy?
How does trade affect the economy as discussed in the episode Howard Marks | The Knowledge Project #53 and the clip Trade Deficit Realities?
How does trade affect the economy as discussed in the episode Howard Marks | The Knowledge Project #53 and the clip Trade Deficit Realities?