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Comparative advantage and the Marxist critique

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Uploaded by on Jul 28, 2008

This video summarizes David Ricardo's liberal theory of free trade and comparative advantage and explains the Marxist critique of the theory. It stars Mark Harvey from the Academy of Leadership and Learning.

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  • Why should the gap be of serious concern? Why do people have to benefit equally?

  • So even if trade could benefit the poor, we should not engage in it because the rich would benefit as well? What further proof do we need that Marxism is not motivated as much by concern for the poor, it is motivated by envy of the rich.

  • Ricardo's model is static and concerned with the current condition, while Marx's offers a long-term perspective as well. Interesting analysis. I don't think anyone would deny that the benefits of international trade are unequally distributed among the various trading partners. Some benefit more than others. It's inherently true.

  • It is better if we are all equally poor than if we are unequal. Is what I took from this.

  • Thank you for reminding me how horrible Marx's logic was.

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