Custom Manufacturing Industry podcast is an entrepreneurship and motivational podcast on all platforms, hosted by Aaron Clippinger. Being CEO of multiple companies including the signage industry and the software industry, Aaron has over 20 years of consulting and business management. His software has grown internationally and with over a billion dollars annually going through the software. Using his Accounting degree, Aaron will be talking about his organizational ways to get things done. Hi ...
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Ep. 352 The Beauty and Importance of Comparative Advantage
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Manage episode 445431269 series 2460799
Indhold leveret af Robert Murphy. Alt podcastindhold inklusive episoder, grafik og podcastbeskrivelser uploades og leveres direkte af Robert Murphy eller deres podcastplatformspartner. Hvis du mener, at nogen bruger dit ophavsretligt beskyttede værk uden din tilladelse, kan du følge processen beskrevet her https://da.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:
- The infineo post on this numerical example.
- 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.
388 episoder
MP3•Episode hjem
Manage episode 445431269 series 2460799
Indhold leveret af Robert Murphy. Alt podcastindhold inklusive episoder, grafik og podcastbeskrivelser uploades og leveres direkte af Robert Murphy eller deres podcastplatformspartner. Hvis du mener, at nogen bruger dit ophavsretligt beskyttede værk uden din tilladelse, kan du følge processen beskrevet her https://da.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:
- The infineo post on this numerical example.
- 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.
388 episoder
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