Episode 56: The Gains from Trade - The Science of Everyth...

What this episode covers

A discussion of the notion of trade and exchange, including the purpose of these activities, the gains from trade, and the role of comparative advantage. I also examine some recent trends in global trade, and briefly discuss some of the major global trade institutions such as the WTO and World Bank and their role in attempting to reduce trade barriers. The episode concludes with a brief discussion of the concept of 'Buy Local'. Recommended pre-listening is Episode 12: The Price System.

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Frequently Asked Questions

How long is this episode of The Science of Everything Podcast?

This episode is 59 minutes long.

When was this The Science of Everything Podcast episode published?

This episode was published on December 26, 2013.

What is this episode about?

A discussion of the notion of trade and exchange, including the purpose of these activities, the gains from trade, and the role of comparative advantage. I also examine some recent trends in global trade, and briefly discuss some of the major...

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