From: Peter C. McCluskey (pcm@rahul.net)
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 www.bayesianinvestor.com| everybody thinks he understands it - Jacques Monod
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