Posts Tagged ‘comparative advantage’

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    Big Boxes

    Dec 15, 10 • 372 Views • No Comments

    What we ship things in makes a difference. Take the banana, for example. In 1876, at the Philadelphia Centennial Exposition, the banana was a delicacy (and very black). Millions of bunches could only be sent to U.S. shores if they were refrigerated. By 1901,...  [read more]

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    Supership Problems

    Dec 14, 10 • 390 Views • No Comments

    When is a supership a problem? When the water is not deep enough or the Bayonne Bridge is not high enough. To understand the Bayonne Bridge problem (and care about the answer), we have to look back to August 1914 and then ahead to August 2014. The Panama...  [read more]

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    Free Trade

    Nov 12, 10 • 358 Views • No Comments

    KORUS has been in the news. The Korea-U.S. Free Trade Agreement, negotiated in 2007 but not ratified by Congress, was in trouble. One reason was Ford. With a 1% share of the South Korean car market, U.S. automakers want more. One of the bigger sellers of Ford...  [read more]

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    Cotton and Crocodiles

    Nov 9, 10 • 319 Views • No Comments

    A Malaysian proverb tells us, “Don’t think there are no crocodiles because the water is calm.” Looking at cotton markets, perhaps we should remember the crocodiles. According to The Wall Street Journal, cotton prices are soaring. Speaking as...  [read more]

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    Trash and Trade

    Nov 5, 10 • 345 Views • No Comments

    A WSJ article tells us “Memo to All Staff: Dump Your Trash.” But should they?According to the article, Texas state workers, Phoenix city workers, and Dartmouth college professors have all been told to take out the trash. Texas, as a result, is...  [read more]