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    Artwork for EconTalk
    Episode

    Russ Roberts on Smith, Ricardo, and Trade

    EconTalk · Feb 8, 2010 · 1 h 02 min
    Episode page

    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 Yoon, and Paul Romer, Roberts argues that we've neglected the role of the size of the market in…

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