News for hackers. Stuff that matters.
Re:How Economic Gobbledygook Divides Us by snrplfth on Monday November 07, 2016 @11:51AM (#12892493)
Well, yes, comparative advantage changes, and must be discovered through tests in markets. So the fry-cook becomes a computer scientist - but people still desire fries. So, the person who is now least bad at fast food cooking can move into that job. The overall point of comparative advantage is that, at any given time, and with any given arrangement of skills and capital, it's generally for the best to allow open trade between entities - the main reason being that total production, and therefore total consumption, can be maximized. It certainly is not an argument for a static economy, and doesn't assume one.

There are no comments on this comment yet.