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 105: Agriculture, Urbanisation, and Structural Change
Episode 104: The History of the World Economy and Growth
Episode 103: Introduction to Economic Growth and Global Poverty
Episode 102: Photosynthesis Part II
Episode 101: Photosynthesis Part I
Special Episode: History and Future of the Show
Episode 100: Unsolved Problems in Science
Episode 99: Plant Reproduction and Fruit
Episode 98: Electromagnetic Radiation
Episode 97: Plant Structure and Function
Special Episode - Jared Bauer on Science and Philosophy in Movies
Episode 96: How Computers Work Part VI - High Level Programming and Software
Episode 95: How Computers Work Part V - Assembly Language and the Operating System
Episode 94: How Computers Work Part IV - Processor Architecture and Machine Code
Episode 93: How Computers Work Part III - Logic Gates and Components
Episode 92: How Computers Work Part II - Silicon and Transistors
Episode 91: How Computers Work Part I - What is a Computer?
Episode 90: Climate Systems
Episode 89: The Atmosphere
Episode 88: Cartography and Earths Seasons
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