Tweet [1]
My brilliant young colleague Bryan Caplan, in this post over at EconLog [2], offers intuitively compelling alternatives for several economic arguments that are too often presented counterintuitively — and in doing so, Bryan very nicely summarizes the point I sought to make in this post [3].
Here’s Bryan:
Counterintuitive claim: Free trade makes countries richer, even if the other countries have big advantages like cheaper labor or more advanced technology.
Intuitive version: We’d be better off if other countries gave us stuff for free. Isn’t “really cheap” the next-best thing?