“When we consider the character of any individual, we naturally view it under two different aspects; first, as it may affect his own happiness; and secondly, as it may affect that of other people”.- Adam Smith
Dr. Madsen Pirie‘s series continues and he tackles the subject of how to create wealth by trade.
He poses a question, “How can we help make developing countries wealthier?” His answer is brilliantly simple. “Buy their stuff”.
Let us learn more by watching the short.
To continue the series, follow the link https://hessenflow.wordpress.com/2012/03/16/economics-is-fun-time/