<html><body><p>Economists have <a href="https://quotes.tuteehub.com/tag/understood-3665" style="font-weight:bold;" target="_blank" title="Click to read more quotes about UNDERSTOOD">UNDERSTOOD</a> <a href="https://quotes.tuteehub.com/tag/since-3660" style="font-weight:bold;" target="_blank" title="Click to read more quotes about SINCE">SINCE</a> the <a href="https://quotes.tuteehub.com/tag/victorian-3820" style="font-weight:bold;" target="_blank" title="Click to read more quotes about VICTORIAN">VICTORIAN</a> era that the main benefits of trade come from comparative advantage: the <a href="https://quotes.tuteehub.com/tag/idea-1207" style="font-weight:bold;" target="_blank" title="Click to read more quotes about IDEA">IDEA</a> that people can specialize in what they're good at and then <a href="https://quotes.tuteehub.com/tag/benefit-1756" style="font-weight:bold;" target="_blank" title="Click to read more quotes about BENEFIT">BENEFIT</a> from exchange. The principle is no more mysterious than specialization in the labor market.</p></body></html>

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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.

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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.

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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.

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