Trade and Our "Habits of the Lip"
Originally published in Journal of Private Enterprise
Deirdre McCloskey has convinced me that the words we use, our "habits of the lip," matter mightily. I argue here--in a McCloskeyan spirit--that the words we typically use when describing international trade are highly misleading. We economists need a better approach to persuading the public to improve their understanding of trade and to showing that national boundaries are economically meaningless. The habits of our lips must change.