European Tribune - Comments - Ricardo's Mistake

Ricardo's Mistake | 51 comments (51 topical, 0 editorial, 0 hidden)

I haven't done my homework (ie. read your article together with its links). However, with just a cursory glance, I would question this assumption:

The PPFs of these countries have precisely the same shape, so there is no expansion in the aggregated PPF from Ricardian free trade.

"Beware of the man who does not talk, and the dog that does not bark." Cheyenne

by maracatu on Tue Dec 8th, 2009 at 01:04:19 PM EST

Re: Ricardo's Mistake (none / 1)

That assumption is only there to aid in the illustration. It is perfectly possible to dispense with it, but that would require three paragraphs of additional explanation and qualifiers that are unimportant for the conclusions at hand.

- Jake

If you only spend 20 minutes of the rest of your life on economics, go spend them here.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Tue Dec 8th, 2009 at 02:49:04 PM EST
[ Parent ]

Re: Ricardo's Mistake (4.00 / 6)

Oh dear. You're forcing me to sit down and read it closely (when? Ha! That is the question!!). I teach graduate international economics and I use Krugman's book, so this has nefariously conspired to grab my attention and it won't let go.

"Beware of the man who does not talk, and the dog that does not bark." Cheyenne

by maracatu on Tue Dec 8th, 2009 at 05:45:15 PM EST
[ Parent ]

Ricardo's Mistake | 51 comments (51 topical, 0 editorial, 0 hidden)

. Home
. About
. Contact
. New User Guide
. FAQ
. ET Editorial Guidelines
. Search
. Search (Google)

Username:
Password:

. Make a new account
. Reset password

Recommended Diaries

Socratic Economics XII: Utopian Government Finance
by Zwackus - May 25
265 comments

A Star is Born
by ChrisCook - May 23
23 comments

The French newspaper Le Monde reports 1.5 million living the...
by Democrats Ramshield - May 27
6 comments

$1,000,000,000,00
0 or what we must remember
by Metatone - May 19
69 comments

The balance of anger and fear
by Frank Schnittger - May 17
44 comments

Stable pricing is to metaphysics as variable pricing is to...
by Upstate NY - May 16
8 comments

Another NRW election
by DoDo - May 13
118 comments

Bundesrat saves PV (and loses Röttgen)
by DoDo - May 12
18 comments

Recent Diaries

The French newspaper Le Monde reports 1.5 million living the...
by Democrats Ramshield - May 27
6 comments

Socratic Economics XII: Utopian Government Finance
by Zwackus - May 25
265 comments

A Star is Born
by ChrisCook - May 23
23 comments

$1,000,000,000,00
0 or what we must remember
by Metatone - May 19
69 comments

The balance of anger and fear
by Frank Schnittger - May 17
44 comments

Stable pricing is to metaphysics as variable pricing is to...
by Upstate NY - May 16
8 comments

A little American intercine battling
by rootless2 - May 14
27 comments

Another NRW election
by DoDo - May 13
118 comments

Bundesrat saves PV (and loses Röttgen)
by DoDo - May 12
18 comments

The mainstream German Magazine Spiegel asks, has the US mixed ...
by Democrats Ramshield - May 10
27 comments

Short Term Climate Forces: Black Carbon, Methane, and...
by gmoke - May 9

Twenty days of Crisis for Cameron
by ceebs - May 9
22 comments

SYRIZA and the Eurocrats: a letter of intent
by talos - May 9
363 comments

French Parliamentary Elections: a look under the hood
by Bernard - May 8
59 comments

Sunday Train: The Rock Island Line is a Mighty Fine Iowa...
by BruceMcF - May 6
18 comments

Why haven't we had WWIII yet?
by Migeru - Apr 30
258 comments

More Diaries...

Occasional Series

Click for full list