Absolute and Comparative Advantage: Or, why your dad makes you rake the leaves.

So after talking to a couple of students I realize that before I start going through the pros and cons of international trade we should also consider the theoretical basis of international trade. I will put up some detailed comments on Absolute and Comparative Advantage later, but, for now, I hope the following analogy will help you… Continue reading Absolute and Comparative Advantage: Or, why your dad makes you rake the leaves.