LeBron vs. Lawncare: Why It’s All About Trade-Offs
Professor Jon Gruber explains that although LeBron James has an absolute advantage in both playing basketball and mowing his lawn, his comparative advantage is in basketball, illustrating that countries like Colombia and the U.S. should specialize where their opportunity cost is lower to gain from trade. Thumbnail credits: LeBron image by RGB7, used under CC BY-NC 4.0 license. Lawnmower image is public domain
Welcome to Chalk Radio, a podcast about inspired teaching at MIT. Subscribe here → https://chalk-radio.simplecast.com/ In each episode of this new podcast, we meet the instructors behind one of MIT’s most interesting courses, from nuclear physics to film appreciation to piloting small aircraft. The instructors open up to us about the passions that drive their cutting-edge research and innovative teaching, sharing stories that are candid, funny, serious, personal⁠, and full of insights. Listening in on these conversations is like being right here with us in person under the MIT dome, talking with your favorite professors. Tune in for a new episode every other week, starting in February 2020! Available wherever you listen to your favorite podcasts. License: Creative Commons BY-NC-SA More information at https://ocw.mit.edu/terms More courses at https://ocw.mit.edu