Re:US Administration announces 34% tariffs on China – 20% on EU
by ckemere on Thursday April 03, 2025 @04:34PM
(#43575035)
I read this and I was quite disappointed that he didn’t talk about labor costs and other comparative advantages for labor-heavy manufacturing to be in a different situation trade market-wise than it was in the 1930s.
[ Parent
| on HN ]
Re:US Administration announces 34% tariffs on China – 20% on EU
by smallmancontrov on Thursday April 03, 2025 @06:49PM
(#43576405)
He does talk about comparative advantage, though. Extensively. The bit about Ricardo's precondition is absolutely wild and I'm more than a little scandalized by the fact that it wasn't discussed when I took econ in school. Not to mention the history with Alexander Hamilton.
Are you sure you didn't just read the link? If you want a book-sized argument, you need to read the book, or at least listen to it.