We have to #StandForScience : the fact that #Mercantilism is a bad idea is not a matter of opinion. It doesn’t lead to the Wealth of Nation (yes, already Adam Smith was arguing against it, that was that book was about), but to conflicts and overall poverty. See also David Ricardo. Yes, Mr Trump wants to push the whole world back, that is two hundred years back.
the shortest and most approachable explanation of benefits from trade though comparative advantage that i've seen. great stuff!
taken from the TED talk "When ideas have sex" by Matt Ridley: https://www.youtube.com/watch?v=OLHh9E5ilZ4
This was so foreseeable. Alas, I cannot link back to my #DeadBirdSite posts of that period anymore.
Just 3 points:
1) David #Ricardo's #ComparativeAdvantage* (and his successors like Gottfried #Haberler or Y. #Shiozawa) might have shown that a nation is always better off trading internationally, in particular with its neighboring countries, due to lower transport costs.
2) Just looking at the development of EEC/EU countries since WWII and...
(2/3)
...Arbeitsstunden für #OpenSourceSoftware vermutlich einen viel höhere Wertschöpfung für die Gesellschaft waren, als all seine bezahlte Lebensarbeitszeit.
DAS ist der richtige Denkansatz.
Wie die Vordenker des #ComparativeAdvantage der Nationen (#AdamSmith, #DavidRicardo und #HenryMartyn) sollten auch die Individuen sich auf das konzentrieren, was sie am am Besten können und mit Leidenschaft tun.
Ist sehr einfach und logisch, wenn man mal...
👌🏽:
“The Value Of In-House Expertise”, Dan Luu (https://danluu.com/in-house/).
On HN: https://news.ycombinator.com/item?id=28691676
#Business #Economics #InHouseExpertise #BuildVsBuy #CostBenefitAnalysis #ComparativeAdvantage #Twitter #Linux #Kernel #Java #JVM #Scala #Specialist #Expert
@strypey
But what about the Theory of #ComparativeAdvantage?
We're kidding. Great post.
The only main comparative advantages are climate-based or based on #geology and geography. The rest is largely about #labourExploitation and propensity for #environmentalAbuses in our view.
Wonder what #MichaelParenti's view on Comp'Adv would be? ;)
Let's bring on the change we want to see in the world.
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