Disasters, such as the horrific earthquake that hit Turkey and Syria in February 2023, bring up a recurring myth — one that demands the wisdom of Frederic Bastiat.
If you’ve ever visited Istanbul, you know it’s swarming with bald men. How, exactly, did Turkey become Bald Man Mecca? We answered that question: comparative advantage. And what is comparative advantage, you ask? And why has it led to Turkey’s revolutionary hair transplants? We put those questions to Adam Smith and David Ricardo, but they […]