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How Do Beavers Make Steel?

David Friedman’s beautiful explanation of trade was made famous by Steven Landsburg in his chapter the Iowa Car Crop from The Armchair Economist. David’s observation is that there are two technologies for producing automobiles in America. One is to manufacture them in Detroit, and the other is to grow them in Iowa. Everybody knows about […] The post How Do Beavers Make Steel? appeared first on Marginal REVOLUTION.
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