Doggonomics: The Gains from Trade are not Taught, They’re Discovered

Dogs may not see the gains from trade like humans. Though, like humans, as they engage with other dogs (and humans), they end up figuring it out on their own. A few days ago, I was walking my friend’s young dog, Steve, and we came upon an older dog, laying on the grass, chewing on … Continue reading Doggonomics: The Gains from Trade are not Taught, They’re Discovered

Using Innovism Instead of Capitalism

McCloskey’s suggestion for changing the term “capitalism” into “innovism” might be a more practical way of arguing for free markets. Capitalism, as it’s tossed around in conversation, ends up getting misconstrued by both sides of the argument, because it lends itself to assume that societies have only become rich through the accumulation of capital. However, … Continue reading Using Innovism Instead of Capitalism

Bertil Ohlin: It’s Like Going to The Grocery Store. Well, Kinda.

As humans, it seems like we were made to trade with each other. It’s in our DNA. From novel ideas to building materials to fidget spinners, we have constantly figured out ways to exchange stuff with each other. Sometimes, we do it without even knowing we’re doing it. Whenever we go to work, we are … Continue reading Bertil Ohlin: It’s Like Going to The Grocery Store. Well, Kinda.