Gains from Trade for Nonmaterialists, Environmentalists, and the Overworked

Publication: Journal of Economic Education

Volume: 38, No. 4

Issue: Fall 2007

Pages: 452-460

Author(s): Christian E. Weber

Address:

Christian E. Weber

Genevieve Albers Professor of Economics

Department of Economics

Albers School of Business and Economics

Seattle University

901 12^th Ave. P.O. Box 222000

Seattle, WA 98122-1090

Phone:  (206) 296-2725

Fax: (206) 296-2486

E-mail:  cweber@seattleu.edu

Title: Gains from Trade for Nonmaterialists, Environmentalists, and the Overworked

Abstract: Rather than showing that free trade allows a country to consume more of all final goods, the approach developed here shows that free trade allows a country to consume the same the basket of final goods that it would consume in autarchy, but at a reduced cost measured in terms of foregone productive resources.