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Riddle me these

“Why do classical economists believe that free trade is good for everyone?  Why does the amount of gold kept in the treasury not make much difference to a country’s wealth?  Why don’t better machines for making pins eliminate jobs for good, instead of making more jobs of another kind?  Why, for that matter, does it not matter whether we’re productive in farming or manufacturing so long as we’re productive?  What does productivity even mean?” — Adam Gopnik, “Market Man”

Published inAdam GopnikEconomics

3 Comments

  1. A good place to talk about light bulbs and cartoon lizards is Mises.org if you are in that kind of mood.

    Your writing, like the thing about Eleanor, is compelling to me, evocative perhaps, yet not quite reminding me of things I didn’t pay much attention to.

    • Thank you, Virginia. Can’t say I have much to say about light bulbs and cartoon lizards.

  2. Ludwig von Mises was an economist. The web site dedicated to him is a gold mine. I was a bit too terse.

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