Sophisticated critics of free trade argue that David Ricardo's demonstration of "comparative advantage" had valid assumptions in the early 1800s, but those no longer hold in our age of labor and capital mobility. Murphy demonstrates that this critique doesn't hold up; the US still benefits from specialization and trade. Watch the video version of this episode here: https://youtu.be/QxMJvjEjRK4 Related: - https://mises.org/podcasts/human-action-podcast/trumps-tariffs-triffin-wrong-ron-paul-right - https://mises.org/mises-daily/free-trade-and-factor-mobility - https://mises.org/mises-daily/can-trade-bring-poverty Subscribe to our YouTube channel: https://bit.ly/3XXfmGS Follow us on Instagram: https://www.instagram.com/infineogroup Follow us on Twitter: https://www.twitter.com/infineogroup Learn more about Infineo at: https://www.infineo.io Audio Production by Podsworth Media - https://podsworth.com
