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Trade is Made of Win, Part 1


The Institute for Humane Studies is putting together (and beta-testing) a series of short videos on basic principles of economics and the classical liberal tradition; they’re available at LearnLiberty.org. Here the first of my three “Trade is Made of Win” videos, which you might find useful if you’re teaching comparative advantage. In it, I explain how trade allows both buyers and sellers to get more for less effort. In short, buyers get lower prices and sellers get higher prices.

"Trade Is Made of Win," Part 1: Wealth Creation


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