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Larry Jaques Larry Jaques is offline
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Default reducing the cost of labor

On Wed, 12 Mar 2008 13:54:21 -0600, with neither quill nor qualm, F.
George McDuffee quickly quoth:

On Wed, 12 Mar 2008 13:48:40 -0400, "Ed Huntress"
wrote:

No, by "works" I mean that trade actually is done the way Ricardo's theory
of comparative advantage says it should be done. I've never heard of one,
and I've asked some economists about it over the years. They never gave me a
convincing answer.


I was researching a book and came across Schumacher's _Small is
Beautiful_. Ever heard of it/him? What's you guys' take on it?

--
Shake off all the fears of servile prejudices, under which weak minds
are servilely crouched. Fix reason firmly in her seat, and call on
her tribunal for every fact, every opinion. Question with boldness even
the existence of a God; because, if there be one, he must more approve
of the homage of reason than that of blindfolded fear.
-- Thomas Jefferson