” Economists have understood since the Victorian era that the main benefits of trade come from comparative advantage: the idea that people can specialize in what they’re good at and then benefit from exchange. The principle is no more mysterious than specialization in the labor market. “
” There’s a reason I write articles and go out for good dinners: because I’m better at research than cooking. And there are people who are much better at cooking than research, so it’s mutually beneficial for us to specialize. “
” People tend to think about trade as if it’s competition between companies – if Apple wins, Google loses. But that’s false. Trade makes nations better off in general. Now, I want to be clear. I’m not saying that everything about trade is good and beneficial. Trade also has costs. “
” The long-term policies that will be most effective all have to do with investment: investing in ourselves, investing in opportunities, creating good schools, and creating situations where people can acquire skills that enable them to be successful. “
All 4 David Autor Quotes about Good in picture
Topics: Good quotes