Comparative Advantage, Division of Labor | Foundational Concepts in Economics with Howard Baetjer
Channel: Libertarianism.org
Date: 2017-07-06

Building on the concept of opportunity cost, Baetjer explains how specialization and trade make us richer.

Download the .mp3 of this lecture: http://bit.ly/2qjYCwY
Here is the next lecture in this Guide: https://youtu.be/eVB3SPbUaho

Download a free digital copy of "Economics and Free Markets: An Introduction" here: https://www.libertarianism.org/books/economics-free-markets-introduction