Donald J. Boudreaux
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Unseen Innovation
“An individual innovation is small, minuscule even. But it’s real and it improves our standard of living. Yet how many of you have noticed it? Almost none. The market, therefore, gets no credit for it.” ~Donald J. Boudreaux
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On Comparative Advantage and International Capital Mobility
“If each country specializes in its comparative advantage and trades with the other, the people of both countries gain.” ~Donald J. Boudreaux
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Capitalism Is Impersonal, Not Soulless
“Because in today’s global economy the people with whom we interact economically number literally in the billions, the percentage of these persons with whom we also interact personally is near zero.” ~Donald J. Boudreaux
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On Exceptions to the Rule of a Policy of Free Trade
“Justification of a policy of free trade does not rest on the claim that free trade in each and every case yields ‘optimal’ results, or a stream of results as excellent as those that would be achieved by protectionist policies.” ~Donald J. Boudreaux
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Are Entrepreneurs Insufficiently Incited to Compete in Markets that Serve Low-Income People?
“We then must ask: If low-income people are indeed beset by monopoly prices, why don’t entrepreneurs sweep in to compete those prices down to competitive levels?” ~Donald J. Boudreaux
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Defending Globalization
“Only because people are eager to trade with people in different countries do governments feel the need to suppress this trade…Persons who erect these restraints understand that what they impose is not globalization – that would arise naturally – but economic nationalism.” ~Donald J. Boudreaux
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What Might Have Been
“Wasteful uses of resources necessarily result in some economic opportunities that are possible being rendered impossible. What were these foregone opportunities?” ~Donald J. Boudreaux
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Thinking About the Regulation of Industrial Emissions Differently, Part II
“All we know here is that humans are innovative and have a great capacity to creatively meet challenges without being prodded by politicians or mandarins. But no one can predict in detail how this creativity will manifest itself.” ~Donald J. Boudreaux
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Thinking About the Regulation of Industrial Emissions Differently, Part I
“Production of the likes of tires, furniture, steel, speedy transportation, and air conditioning and home heating is surely good for humanity. But such production requires energy and it produces harmful by-products.” ~Donald J. Boudreaux
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The Jobs You Don’t Want to Be Destroyed By Trade Were Created By Trade
“By keeping prices down, and outputs and product varieties up, trade makes every dollar earned go further.” ~Donald J. Boudreaux
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Unseen Innovation
“An individual innovation is small, minuscule even. But it’s real and it improves our standard of living. Yet how many of you have noticed it? Almost none. The market, therefore, gets no credit for it.” ~Donald J. Boudreaux
-
•
On Comparative Advantage and International Capital Mobility
“If each country specializes in its comparative advantage and trades with the other, the people of both countries gain.” ~Donald J. Boudreaux
-
•
Capitalism Is Impersonal, Not Soulless
“Because in today’s global economy the people with whom we interact economically number literally in the billions, the percentage of these persons with whom we also interact personally is near zero.” ~Donald J. Boudreaux
-
•
On Exceptions to the Rule of a Policy of Free Trade
“Justification of a policy of free trade does not rest on the claim that free trade in each and every case yields ‘optimal’ results, or a stream of results as excellent as those that would be achieved by protectionist policies.” ~Donald J. Boudreaux
-
•
Are Entrepreneurs Insufficiently Incited to Compete in Markets that Serve Low-Income People?
“We then must ask: If low-income people are indeed beset by monopoly prices, why don’t entrepreneurs sweep in to compete those prices down to competitive levels?” ~Donald J. Boudreaux
-
•
Defending Globalization
“Only because people are eager to trade with people in different countries do governments feel the need to suppress this trade…Persons who erect these restraints understand that what they impose is not globalization – that would arise naturally – but economic nationalism.” ~Donald J. Boudreaux
-
•
What Might Have Been
“Wasteful uses of resources necessarily result in some economic opportunities that are possible being rendered impossible. What were these foregone opportunities?” ~Donald J. Boudreaux
-
•
Thinking About the Regulation of Industrial Emissions Differently, Part II
“All we know here is that humans are innovative and have a great capacity to creatively meet challenges without being prodded by politicians or mandarins. But no one can predict in detail how this creativity will manifest itself.” ~Donald J. Boudreaux
-
•
Thinking About the Regulation of Industrial Emissions Differently, Part I
“Production of the likes of tires, furniture, steel, speedy transportation, and air conditioning and home heating is surely good for humanity. But such production requires energy and it produces harmful by-products.” ~Donald J. Boudreaux
-
•
The Jobs You Don’t Want to Be Destroyed By Trade Were Created By Trade
“By keeping prices down, and outputs and product varieties up, trade makes every dollar earned go further.” ~Donald J. Boudreaux