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적색스테인
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XoVHUMaFJvM |
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109 |
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| Who do you work for? http://elephanttube.in.net/ elefanttube The difference between physics 101 and econ 101 is that if I am not working in the quantum domain, V=IR is accurate enough for deduction and building electronic circuits. However if we try to build a trade policy on the basis of comparative advantage we will find out why _not one single nation that successfully industrialized pursued that policy_. In fact, if I remember correctly, Mankiw uses the example of the US exporting wheat to Japan in trade for computers to show comparative advantage – yet Japan’s period of computer exporting followed a massive government program of import substitution. Nobody learning economics from this course would know that critical fact. It’s as if we taught students that airplanes glided through the air and neglected to tell them about jet engines. |
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Willard |
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2019-09-26 20:35:29 |
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