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non partisan comment on the European Union and Westminster politics

 

The Economics of EU Membership.

A good argument against the assertion that we gain from EU Membership

Tim Worstall: The Economics of EU Membership.

The Economics of EU Membership.

EUPundit applies his rigorous logic to the question of the economic benefits of the UK’s membership of the European Union. Somewhat amusing really:

International economics - at its simplest understandable level - is trade. What does one country produce that another needs, and vice versa? To understand the position of the UK in the EU one has to ask, what does the UK produce that the other countries of the EU need, and, conversely, what do the other countries of the EU produce that the UK needs. Without such complementary needs, trade would be impossible, since there would be nothing to exchange.

At this point I need to point out that as an economist this man seems to be a pretty good lawyer.

Tim Worstall: MORE

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Filed under : The Best of the Rest
By Ken
On February 25, 2005
At 1:50 pm
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