Was Ricardo’s Comparative Advantage Really Different From What Adam Smith Said About Foreign Trade?
In this episode, Murphy clarifies what is right and wrong on comparative advantage.
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There are numerous critics of the Austrian School of economics, but when their disparagements are closely
Today’s Pols Are All Br...
In his failed 1896 presidential campaign, inflationist William Jennings Bryan declared that he would “not crucify
Exchange is Not a Zero-Su...
One of the oldest and most harmful economic fallacies is the belief that, at best, economic