Kruse Kronicle

Tag: Don Boudreaux

  • Free Trade as Technology

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    mwkruse
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    Carpe Diem: If Free Trade = Technological Progress, Then Restrictions on Trade = Restrictions on Technology From Greg Mankiw's textbook: "Trade is, in some ways, a form of technology. When a country exports wheat and imports textiles, it is as if it had invented a form of technology for turning wheat into textiles. A country…