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Politics : Foreign Affairs Discussion Group

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To: Ilaine who wrote (24928)	4/13/2002 12:49:29 PM
From: JohnM	Read Replies (1) of 281500

Free trade makes everyone richer. Proven in roughly 400 words - an entertaining piece. Got it. The problem with it was clearly an early warning from the DSL modem that it was about to expire. Last breath or something. Nice piece but much too simple like, unfortunately, all Econ 100 level lectures, you have to leave the complexity out and complexity is the way the real world works. Let's see some assumptions: all economic actors within each country are equal; all are rational consumers (big problem from the view point of my discipline); no prospect of wars to complicate the sense of national vulnerability; etc. To me, the story is a little like the stories I used to hear about markets. Let's take the chicken farmers selling eggs, says the econ instructor. Well, chicken farmers and eggs are about as irrelevant to understanding contemporary economies as one can imagine. Well, thanks again. I much enjoyed it. Gotta run. My wife is signaling that if I don't quit the computer soon, I'll have to do the hour walk by myself.

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