Don Boudreaux talks about his new book, Globalization. He does not believe in “victims of trade,” “our collective trade deficit,” or other popular notions. If you digest his arguments, you will know more about the trade issue than most economists.

One drawback of Boudreaux’s book is that it is expensive. In contrast, the new Concise Encyclopedia of Economics is dirt cheap. The hardback edition retails for $45 and runs over 600 pages, in an unusually large 8-1/2 by 11 size. Contributors include Bryan and myself, but most of the authors are actually respectable. In fact, many are quite renowned. Although it is structured as a reference work, it can be fun just to read. But I don’t recommend taking it on your next plane trip.