How global trade enables your most unusual personal luxuries
From virtual reality simulations in China to mattress store naps in New York, discover how the economic concept of gains from trade makes a vast array of unique experiences and goods possible.
This video explores the third of Tyler Cowen's nine big ideas in economics: gains from trade. It examines how trade influences our daily interactions and everyday choices, using diverse examples such as purchasing meteor showers in Japan or high-end pet clothing.