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:: Friday, January 09, 2004 ::

RICARDO'S DIFFICULT IDEA by Paul Krugman:
"My objective in this essay is to try to explain why intellectuals who are interested in economic issues so consistently balk at the concept of comparative advantage. Why do journalists who have a reputation as deep thinkers about world affairs begin squirming in their seats if you try to explain how trade can lead to mutually beneficial specialization? Why is it virtually impossible to get a discussion of comparative advantage, not only onto newspaper op-ed pages, but even into magazines that cheerfully publish long discussions of the work of Jacques Derrida? Why do policy wonks who will happily watch hundreds of hours of talking heads droning on about the global economy refuse to sit still for the ten minutes or so it takes to explain Ricardo? "

I'm reading this right now... so I thought I'd drop it off

:: Jim Nichols 1/09/2004 09:12:00 PM [+] ::
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