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Mises Economics Blog

Viva Variety!

June 18, 2004 10:12 AM by Art Carden | Other posts by Art Carden | Comments (2)

From the latest issue of the NY Fed's research report: globalization increases the variety of goods and services available to consumers, and the value of this variety-to the extent that we can proxy for it-is no insignificant amount: $280 billion.

See also Virginia Postrel's discussion in yesterday's New York Times.

Comments (2)

  • Steven Kane

  • They have to do studies to prove this? This could be shown from division of labor theory alone.

  • Published: June 19, 2004 3:59 PM

  • Peter White

  • Steven,

    They have to justify their existence somehow. ;-)

    On a positive note, every dollar spent on some foolish study is one less dollar they have for cluster bombs.

  • Published: June 19, 2004 7:05 PM

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