On 9/8/05, Carl Remick <[EMAIL PROTECTED]> wrote: > [Pretty remarkable column for a guy who was Assistant Secretary of the > Treasury under Reagan.] > > The Vicious Downward Cycle of the American Economy: > Resurrecting Karl Marx > > By PAUL CRAIG ROBERTS
Free trade economists have forgotten that not all trade reflects the > beneficial workings of comparative advantage. For comparative advantage to > function, a country's capital must stay at home and be allocated to > activities in which the country has comparative advantage. ----------------------------- How wonderfully tautological.........About as tautological and uninformative and unexplanatory as Michael Porter's notion of competitive advantage.............
