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The Wiki page is pretty good, but there are simply vast lacunae in this idea. For example: https://www.nber.org/papers/w5625 https://www.nber.org/papers/w5625
by scottlocklin 8y ago
The Wiki page is pretty good, but there are simply vast lacunae in this idea. For example:
https://www.nber.org/papers/w5625 https://www.nber.org/papers/w5625
Economists treat it like it was a proof, but it wasn't; it's a sort of shaggy dog story in service of an ideology.
- devoply 8y agoWell you want people you have making clothes for $2/hr to believe economic nonsense like that.
- barry-cotter 8y agoThose people don’t know anything about comparitive advantage. They just know that working in a sweatshop pays better than working on a subsistence farm, which is their other option.
- Mirioron 8y agoThey also know that working indoors on manufacturing is an easier job than farming. Farming is one of the more dangerous professions even.