
Tweet… is from page 11 of Menzie Chinn’s and Douglas Irwin’s superb 2025 textbook, International Economics: There is a parable about an entrepreneur who invents an amazing machine. Wheat, soybeans, lumber, and oil are fed into one end of the contraption. As if by magic, smartphones, coffee, and tea, and all manner of clothing and…
Quotation of the Day…
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