2 ms·
This point seems to be counter-intuitive but I believe it to be true. David Ricardo had deep insights into this very idea in the 1800s. I remember his arguments
by bko 11y ago
This point seems to be counter-intuitive but I believe it to be true. David Ricardo had deep insights into this very idea in the 1800s. I remember his arguments as being very persuasive.
https://en.wikipedia.org/wiki/David_Ricardo https://en.wikipedia.org/wiki/David_Ricardo
- ashark 11y agoRicardo assumed immobile capital. https://en.wikipedia.org/wiki/Comparative_advantage#Free_mobility_of_capital_in_a_globalized_world https://en.wikipedia.org/wiki/Comparative_advantage#Free_mob...