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25min chapter
William Bernstein on the History of Trade
EconTalk
Trade's Complex Impact
This chapter examines the contrasting views on trade between economists and the public, focusing on how benefits vary across different demographics. It discusses historical examples of protectionism, the intricacies of income inequality, and the influence of political motives on economic decisions. The conversation highlights the interconnectedness of trade and peace, emphasizing the potential for cooperation to foster both economic growth and societal dynamism.
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