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by explanibrag
3711 days ago
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"To me, the simplest explanation is that trade is always beneficial, because parties only agree to it when they both see advantage." That's true in an efficient-economic-agent sort of way, but do you really think it's true in the real world? Do you think actors (nations, companies, individuals) don't make errors of judgement? |
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I think the comparative advantage model remains a compelling starting point despite all this.
But it doesn't matter what I think, the key thing is that many people who actually do make decisions use the comparative advantage model.