logoalt Hacker News

smallmancontrovtoday at 6:57 PM1 replyview on HN

Ricardo's comparative advantage result is contingent on the assumption that capital is not mobile across borders. This was a good assumption in 1817. Is it a good assumption today?

Furthermore, he's very up front about this in On the Principles, and from this information you can calculate the exact number of people who read the damn thing between the person repeating the talking point and the person originating the talking point.


Replies

nkmnztoday at 7:13 PM

In 1817, capital did not cross borders. Borders crossed capital.