4 ms·
Comparative advantage when the commodity is ideas? Intriguing. How it works for physical good is clear. But how can one society produce one category of ideas c
by bladedtoys 13y ago
Comparative advantage when the commodity is ideas? Intriguing.
How it works for physical good is clear. But how can one society produce one category of ideas cheaply while another produces a different category of ideas cheaply?
- dragonwriter 13y ago> But how can one society produce one category of ideas cheaply while another produces a different category of ideas cheaply? Different brain organization?
- gwern 13y agoI don't see why it wouldn't work for ideas just as well as physical goods. Maybe you are smarter than me and can do research in physics and biology much better than me, but you can't do both - so we're better off if you do physics really well and I do biology not so well and we trade. There's no more reason that 2 planets cannot specialize in different kinds of science or math than 2 universities cannot have different strengths.