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Danke Schen! I followed your examples but am still learning the way of looking at setting up the comparative advatage as input vs output?
staaberelli 6 days ago
how would one sum this up for an essay?
JKT6 7 months ago
@JKT6 I've updated the link in the description box. There's also information on Wikipedia if you search for 'comparative advantage'.
Nielsio 7 months ago
This has been flagged as spam show
If I create a story it is real if my eyes are open and I see a table then I close my eyes and I can still see the table, it is real! Even though it not physical, an in my sight, does not mean it is not real, but I found the realist, the truth, the answer to all! The more you seek the unseen the more you will see it; click my name if you’re tired of sadness, pain.
tabaripalmer 7 months ago
Great Video thanks a lot
mistryman112 2 years ago
Mises just did an excellent vid going over this
latewire 2 years ago
Yeah, I wasn't happy with that one. I thought he rushed it. I looked around on Youtube and most people don't really bother to work out the examples, which is what actually shows the insight.
Nielsio 2 years ago
Check out this mises one:
watch?v=nMMPgBtOR8E
You could probably cut it up, it does a way better job at explaining comparative advantage.
latewire 2 years ago
That's the one I was talking about.
Nielsio 2 years ago
oh okay, I misunderstood. I thought his examples were good.
Hard for me to gauge as I've taken 2 semesters of econ, but I thought it was a good intro.
PJ o'rourke had a quote saying basically that 'free market doesn't make sense until you think about it, so you have to be reminded every so often so you can at least pretend to believe in it.'
latewire 2 years ago
For the people who don't yet understand the advantages of trade, it's important to work out all the examples. And for the people who have heard of it but still cling to interventionist ideas, it's good to really drill it down, as showing that all participants can benefit should have broad implications.
Nielsio 2 years ago
me fall asleep. very good video. five zzz
dinkolino2 2 years ago
Brilliant way to put it!
NoCryingNowYes 2 years ago