Ricardos & Smiths

In the realm of economics, business and politics, one of the most difficult concepts for the regular person unschooled in international economics to comprehend (please forgive the patrician demeanor) is the wealth-producing effect of trade and comparative advantage.  Everyone benefits.

In rich countries, political leaders by and large support free trade (on both sides of the aisle, to use the American phraseology), but they do a poor job of communicating this difficult concept.  And while it may be difficult, Russ Roberts demonstrates that it can be communicated clearly.  He obviously has notes as he does this podcast, but I do not believe he is reading from a script, which makes this all the more impressive.  Further, his passion and the sheer amazement, delight and hope that these ideas can bring shine through quite clearly.

This is important.  Do yourself a favor and listen.  Even if you are already well-versed in these subjects, Roberts’ way of telling the story deserves your attention.  We all need to be able to tell this story as well as he does.  Over and over and over again.

Also available here and on iTunes (2/8/10 episode).

Published in: on March 4, 2010 at 20:00  Leave a Comment  
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