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EconTalk is an award-winning weekly talk show about economics in daily life. Featured guests include renowned economics professors, Nobel Prize winners, and exciting speakers on all kinds of topical matters related to economic thought. Host Russ Roberts, of the Library of Economics and Liberty and George Mason U., draws you in with lively guests and creative repartee. Topics include health care, free trade, economic growth, education, finance, politics, sports, book reviews, and the curiosities of everyday decision-making. Look for related readings and the complete archive of previous shows at EconTalk.org, where you can also comment on the podcasts and ask questions.

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Roberts on Smith, Ricardo, and Trade

Posted on February 08, 2010

Russ Roberts, host of EconTalk, does a monologue this week on the economics of trade and specialization. Economists have focused on David Ricardo's idea of comparative advantage as the source of specialization and wealth creation from trade. Drawing on Adam Smith and the work of James Buchanan, Yong...


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