Gains From Trade. How does trade make people better off?. Preview.
How does trade make people better off?
Why would He-Man bother trading with Skeletor?
Founder of Microsoft.
Made his fortune writing software, including Microsoft Windows and other widely-used programs.
So wealthy, it would cost him more money to stop and pick up a $50 bill than to simply keep going about his regular job.
Made his fortune crooning pre-adolescent girls out of their iTunes money.
Now spends his time getting into trouble with the law, collecting royalties from his songs.
Bill Gates would be better off hiring Justin Bieber to mow his lawn and going to work instead. He would make much more money.
Justin would be better off mowing Bill’s lawn, since his opportunity cost – getting arrested for driving under the influence of weed (or just plain wasting time) – is smaller. Plus, he’d earn like $10, and get some sunshine and exercise.
- Ryan Grant, The Distributist Review