Timothy Mathews

tmmathews@gmail.com

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Trade School

Even Nine-Year-Olds Realize That Free Trade Benefits Everyone

JULY 05, 2013 by TIMOTHY MATHEWS

A group of third-graders learns a lesson in free trade and happiness--and teaches the teacher something about predicting others' preferences.

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December 2014

Unfortunately, educating people about phenomena that are counterintuitive, not-so-easy to remember, and suggest our individual lack of human control (for starters) can seem like an uphill battle in the war of ideas. So we sally forth into a kind of wilderness, an economic fairyland. We are myth busters in a world where people crave myths more than reality. Why do they so readily embrace untruth? Primarily because the immediate costs of doing so are so low and the psychic benefits are so high.
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