Trade between countries can be good for the societies, or bad.
William Bernstein, author of A Splendid Exchange, talks with EconTalk host Russ Roberts about inequality.
Bernstein is worried about it; Roberts is not. Bernstein argues that inequality is damaging to the health of low-status people and hurts the health of the economy. Roberts challenges Bernstein’s empirical evidence. It’s a lively conversation on the economics of status, productivity and the progressivity of taxes.