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Ep. 352 The Beauty and Importance of Comparative Advantage
Manage episode 445431201 series 2786516
Content provided by Robert Murphy. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Robert Murphy or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Bob goes solo to explain Adam Smith's absolute advantage versus David Ricardo's comparative advantage. This important concept underpins civilization itself.
Mentioned in the Episode and Other Links of Interest:
- NOTE: The infineo post on this topic is forthcoming, check back here...
- Bob’s book Lessons for the Young Economist has a discussion of comparative advantage (see chapters 8 and 19).
- Help support the Bob Murphy Show.
201 episodes
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Manage episode 445431201 series 2786516
Content provided by Robert Murphy. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Robert Murphy or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Bob goes solo to explain Adam Smith's absolute advantage versus David Ricardo's comparative advantage. This important concept underpins civilization itself.
Mentioned in the Episode and Other Links of Interest:
- NOTE: The infineo post on this topic is forthcoming, check back here...
- Bob’s book Lessons for the Young Economist has a discussion of comparative advantage (see chapters 8 and 19).
- Help support the Bob Murphy Show.
201 episodes
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CBCP is a disciple-making church based in Manila, Philippines. Learn more at https://cbcp.org
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