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Horses for courses

When economist Paul Samuelson was challenged to come up with an economic principle that was both true and non-obvious, he cited comparative advantage. That two people, or countries, can be made better off by trading, even if one of them is better at producing everything that they might trade, is hardly intuitive. Read more

Dr Eric Crampton
The National Business Review
19 May, 2017

Beating a dead gift horse

You should never look a gift horse in the mouth. Nor should you publicly bag the gift horse and accuse it of causing misery across the country. Read more

Dr Rachel Hodder
Insights newsletter
19 May, 2017

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