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Economists are very well known for their disagreements on important policy questions. An old joke goes like this: If you lock 50 economists in a room and ask them to come up with a plan on what to do with the economy, you will get 53 different opinions when you let them out. Another one goes like this: If you laid out all the dollar bills in the economy end-to-end, they would reach to the moon and back, but if you laid out all the economists in the world head-to-toe, they still would not reach a conclusion! There is one issue, however, that most economists agree upon. It is that economies benefit by specializing in their comparative advantages and engaging in trade. Furthermore, the benefits from free trade to the overall economy exceed the costs.
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