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 126: Depression and Serotonin
Special Episode: Genetic Testing
Episode 125: Earthquakes
Episode 124: Volcanoes
Episode 123: Respiratory and Circulatory Systems Part 2
Episode 17: Energy, Work, and Momentum
Episode 16: Profits and Competition
Episode 15: Chemical Bonding
Episode 14: Principles of Quantum Mechanics
Episode 13: Newtonian Mechanics
Episode 12: The Price System
Episode 11: The Origin of the Universe
Episode 10: The Cell
Episode 9: Matter and Molecules
Episode 8: History of the Atom
Episode 7: Introspection Illusion
Episode 6: Thermodynamics
Episode 5: Corporate Conspiracies
Episode 4: The Origin of Life
Episode 3: Organic Agriculture Part 2
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