Tools to Enlighten
Are tariffs a good idea? Here are some basics: Below are some rough notes taken from the short video for this post: Free trade policies are designed to increase the trade of goods and services between countries. Tariff’s which are really taxes on imports make the prices of the goods that are the subject of Read More …
Video about David Ricardo’s theory of Comparative Advantage. Discussion lead by David Dixon Lentz Read More …
The genesis of free trade theory in many ways starts with the man many consider to be the Father of Capitalism, Adam Smith. He addressed the issue several hundred years ago in his famous book “The Wealth of Nations”. There he showed how two countries specializing in producing and trading goods in which they have Read More …