Russ Roberts, Meet Paul Krugman
By Arnold Kling
This week’s econtalk is a monologue by Russ Roberts on the topic of trade. My one quibble is that he brings up increasing returns as a source of specialization and trade without mentioning Paul Krugman’s work on the topic. That is, after all, the work for which he received his Nobel Prize.
Overall, Russ does a really good job of explaining how important trade is to wealth.