A discussion of the notion of trade and exchange, including the purpose of these activities, the gains from trade, and the role of comparative advantage. I also examine some recent trends in global trade, and briefly discuss some of the major global trade institutions such as the WTO and World Bank and their role in attempting to reduce trade barriers. The episode concludes with a brief discussion of the concept of 'Buy Local'. Recommended pre-listening is Episode 12: The Price System.
Episode 142: The Greenhouse Effect
Episode 141: Natural Climate Change
Episode 140: A History of Earth's Climate
Special Episode: Dinosaurs in Popular Culture
Episode 139: Cybersecurity and Cryptocurrencies
Episode 138: Biochemistry and Metabolism
Episode 137: The Digestive System
Episode 136: Introduction to General Relativity
Episode 135: The Science of Emotion
Episode 134: Hormones and the Endocrine System
Episode 133: Motor Control
Special Episode: Evolution and Genetics
Episode 132: The Muscular System
Special Episode: Language in Brains and Machines
Episode 131: Sleep Science
Episode 130: Transition Metal Chemistry
Episode 129: Glaciers, Ice, and Groundwater
Episode 128: Wind, Deserts, and Coasts
Episode 127: Weathering, Erosion, and Rivers
Episode 126: Depression and Serotonin
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