Re:Economics in One Lesson: "The Curse of Machinery"
by netcan on Monday February 15, 2010 @07:30PM
(#1127963)
There is an even more common fallacy that is even harder, probably impossible to kill: trade create unemployment.
I find the argument very convincing that trade, from the perspective of one partner is exactly like technology. Found a way to produce grapes in a building cheaply; Found a way produce grapes in a shoe factory.
I find the argument very convincing that trade, from the perspective of one partner is exactly like technology. Found a way to produce grapes in a building cheaply; Found a way produce grapes in a shoe factory.