Jun 13, 2007
Consider two countries A and B that trade in two goods. One striking result of the theory of comparative advantage: Even if A is technologically superior to B in producing both goods, one of the two industries in A will go out of business in an atmosphere of free trade.

Comments gratefully appreciated. Please send them to me by any method of your choice and I'll include them here.

archive
projects
writings
videos
subscribe
Mastodon
RSS (?)
twtxt (?)
Station (?)