Introducing The Unshakeables, a new podcast from Chase for Business and iHeartMedia's Ruby Studio. Small businesses are the heart and soul of this country, but it takes a brave individual to start and run a company of their own. From mom-and-pop coffee shops to auto-detailing garages -- no matter the type of industry you’re in, every small business owner knows that the journey is full of the unexpected. A single moment may even change the course of your business forever. Those who stand firm ...
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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.
363 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.
363 episoder
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