How the idea's economic model works: production, distribution and consumption of resources, supply and demand, exchange, pricing and the economic relationships between participants. What mechanisms and incentives keep it running? "How do the idea's economics work? Who produces, receives and consumes what, and at whose expense?"
The dismal science shines especially bright in this optimistic talk. Economist Alex Tabarrok argues that free trade and globalization are turning our once divided world into a society that trades ideas, healthier, happi…
