Re: [sl4] Comparative Advantage Doesn't Ensure Survival

From: Peter C. McCluskey (
Date: Mon Nov 24 2008 - 10:05:11 MST

 There's a clearer explanation in A Farewell to Alms: A Brief Economic
History of the World by Gregory Clark of why we shouldn't find comparative
advantage very reassuring: horses were a clear example of laborers who
suffered massive unemployment a century ago when the value of their labor
dropped below the cost of their food.

Peter McCluskey         | A curious aspect of the theory of evolution is that| everybody thinks he understands it - Jacques Monod

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