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If they dislike the price controls and monopsonies that exist in other countries, they can avoid those markets entirely. Once they agree to participate and begin exporting their dr…

I don't think it's the only problem with globalization, but having recently paid out-of-pocket for an expensive, patented prescription drug, I think it's one of the biggest, and mu…

With other words: What does "globalization" really mean? Empirically, it appears to mean a global market for land, labor, and capital with national and regional markets for consume…

Wonderful! So this means I and other Americans will soon legally be able to purchase prescription drugs from other countries where drug companies sell them for much less money? Oh,…

I know economists still have soft spots in their hearts for Smith and Ricardo, but how, in 2010, could anyone honestly cite comparative advantage in support of free trade when the …