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Essential Ideas in Economics

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What Everyone Needs to Know from Economics

Most people that I talk to either hated their college economics course or loved it. Whichever group you fall into, there are ideas from the field of economics that everyone should know. This Squidoo page will be an ongoing collection of those ideas. Each idea will have a link to connect you to more information. I hope you learn and enjoy!

Also, I blog regularly over at A Borderless World. If you are interested in economics, international trade, immigration, or politics, please check it out. Thanks!

List of Essential Ideas from Economics

First Ten

  1. There's No Such Thing as a Free Lunch
  2. "Self-sufficiency is the road to poverty" - Russ Roberts
  3. China's undervalued currency is good for America
  4. Buy Local/Buy American policies hurt consumers
  5. Prohibiting child labor means increasing poverty
  6. Trade brings peace
  7. More immigrants would both improve the economy AND raise the wages of domestic workers
  8. Outsourcing actually increases jobs at home
  9. When other countries subsidize their exports to the U.S., the U.S. benefits.
  10. Protectionism Hurts the Poor

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bball3345

Hello, I am a graduate student who is extremely interested in immigration, international trade, and economics. As such, I love blogging about these i... more »

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