Comments on: Trade is Made of Win, Part 1

By: Vanmind

Vanmind — Sun, 20 Mar 2011 21:13:15 +0000

Great stuff, professor Carden. Please keep ‘em coming.

By: Bruce Koerber

Bruce Koerber — Fri, 04 Mar 2011 16:56:57 +0000

I didn’t know that Hayek’s nickname was Fritz!

By: Amanojack

Amanojack — Fri, 04 Mar 2011 15:32:24 +0000

The best way to show the benefit of trade is to show it happening continuously over and over, how they wealth of socks and corn keeps mushrooming in comparison with before they started trading.

By: Daniel Hewitt

Daniel Hewitt — Fri, 04 Mar 2011 01:48:52 +0000

Comparative advantage is indeed tricky; Paul Krugman has managed to un-learn it.

By: Art Carden

Art Carden — Fri, 04 Mar 2011 00:29:45 +0000

Thank you all for your kind words! Parts 2 & 3 will make the “wealth production” aspect clearer and show that trade conserves resources.

By: augusto

augusto — Thu, 03 Mar 2011 22:50:03 +0000

Another good article on the topic: http://mises.org/daily/3015

Jeffrey makes the “wealth creation” even clearer.

“Let’s total up the production. Before cooperation: 18 bagels and 8 pies. After cooperation: 20 bagels and 8 pies.”

By: augusto

augusto — Thu, 03 Mar 2011 22:37:48 +0000

I like the video, I like prof. Carden’s voice, the drawings are pretty and colorful.

But, the conclusion was not demonstrated. Prof. Carden ends saying, “with trade, everybody wins”, but that was not shown.

This article, also by prof. Carden, explains it better: http://mises.org/daily/3134 , in my opinion.

By: Michael Richards

Michael Richards — Thu, 03 Mar 2011 21:41:20 +0000

I know, its kinda funny lol

By: JD

JD — Thu, 03 Mar 2011 21:11:33 +0000

Fritz: Friedrich Hayek
Lou: Ludwig von Mises

Look at their pictures =)

By: mhsp

mhsp — Thu, 03 Mar 2011 21:01:58 +0000

While I found your choice of names and production quite weird, I liked it a great deal over all.

By: Tyrone Dell

Tyrone Dell — Thu, 03 Mar 2011 20:48:03 +0000

Man, I love these videos. This video, along with the previous two that were posted here a couple days ago, reminds me of the “George Ought To Help” video that has been floating around the web for a while.

Its short (under 5 minutes!), concise, straight to the point, and it leaves viewers eager to delve in and learn some real economics.

By: David Koch

David Koch — Thu, 03 Mar 2011 20:18:44 +0000

Nicely done, IHS, and very subtle! Fritz is vastly superior to Lou… +$1,000,000 for next year’s allowance.

-Dave

By: Cory Brickner

Cory Brickner — Thu, 03 Mar 2011 19:42:21 +0000

Nicely done Art! “Economics for Dummies” for the YouTube generation!! This is an awesome idea.

By: DayOwl

DayOwl — Thu, 03 Mar 2011 18:12:12 +0000

Nice. Concise. Well done.

I’ll be showing it to my kids.

By: Thomas Trosko

Thomas Trosko — Thu, 03 Mar 2011 17:11:20 +0000

I will post that on my site for teachers to use. Thank you for posting it!

By: iawai

iawai — Thu, 03 Mar 2011 15:19:46 +0000

In the new Sheen colloquialisms, Free Trade has Tiger Blood, it is Winning.

By: Jeffrey Tucker

Jeffrey Tucker — Thu, 03 Mar 2011 14:58:45 +0000

Now, THAT was a great explanation. It is a tricky but mind blowing topic and you really compressed it down to its essentials and gave a great example.