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I would ordinarily just ignore this, but I know you and you've said a sensible thing that one time, so what do you mean by this?
by Eliezer 9y ago
I would ordinarily just ignore this, but I know you and you've said a sensible thing that one time, so what do you mean by this?
- cousin_it 9y agoRetracted, thanks for making me look at this more closely! My comment referred to paragraphs 7.17-7.19 here http://www.econlib.org/library/Ricardo/ricP2a.html http://www.econlib.org/library/Ricardo/ricP2a.html but now I see the assumption doesn't need to be as strong, and attacking it isn't fruitful anyway. The right way to test the theory of comparative advantage is to look at real world patterns of imports and exports, and it seems like the theory accounts for at least a significant part of these patterns.