In a message dated 98-03-08 02:52:45 EST, you write:
3) Where does Ricardo point out that particularly mobile capital can undo
his whole thesis of comparative advantage?
Page 155, "On Foreign Trade," in Principles Pelican Books (1971)
Ricardo notes how capital flight will only be
Broken record dept:
Every few months I come out of the woodwork to remind my comrades on the trade
front not to get hung up on the immobility of capital in Ricardo's theory. Pick
up any mainstream trade text and you will find at least one, and usually several,
chapters laying out a comparative
On Sun, March 8, 1998 at 18:48:18 (+1100) Rob Schaap writes:
...
Anyway, three reference requests, if I may:
1) Where does Smith point to the possible dissolution of the magical hidden
hand by way of the distortions of large institutions (and was he alluding
to some early evidence of factory
G'day all,
I'm in the midst of an argument with an ecorat colleague who has taken to
quoting selectively from Smith and Ricardo. This is fine - these two
gentlemen were thoughtful enough to qualify so many of their
generalisations that they can be used against their self-styled followers
with
