Don Boudreaux on the Economics of "Buy Local"
2007-04-16 · 56 min · episode 46 · 18 entities
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Don Boudreaux on the Economics of "Buy Local"
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Don Boudreaux on the Economics of "Buy Local"
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Feed author/publisher: Russ Roberts
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Feed author/publisher: Library of Economics and Liberty
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Don Boudreaux on the Economics of "Buy Local"
Episode description as stored
Proponents of buying local argue that it is better to buy from the local hardware store owner and nearby farmer than from the Big Box chain store or the grocery store headquartered out of town because the money from the purchase is more likely to "stay in the local economy." Don Boudreaux of George Mason University talks with EconTalk host Russ Roberts about the economics of this idea. Is it better to buy local than from a seller based out of town? Is it better to buy American than to buy foreign products? Does the money matter? In this conversation, Boudreaux and Roberts pierce through the veil of money to expose what trade, whether local, national, or international, really accomplishes.