Posts Tagged ‘David Ricardo’

  • Comparative Advantage: A Natural Gas Dilemma

    Aug 17, 13 • 695 Views • No Comments

    When the price of natural gas plunged in 2008, manufacturers smiled. As Dow Chemical’s CEO recently explained, cheaper natural gas means a $4 billion investment in 120 new manufacturing projects. Using cheap gas, Dow plans to build ethylene, propylene,...  [read more]

  • euro zone map

    Eurozone: First Latvia and then Croatia?

    Jun 6, 13 • 371 Views • No Comments

    Reading about Latvia’s probable eurozone entry at the beginning of 2014 and then perhaps Croatia by 2017, I remembered some wise words from economist Russ Roberts. During 2010, he presented a fascinating monologue Econtalk podcast in which Adam Smith...  [read more]

  • The Panama Canal Project Facilitates World Trade.

    The Panama Canal and an Invisible Line

    Dec 12, 12 • 383 Views • No Comments

    When a desk destined for Ohio leaves China on a super-sized container ship, should it enter the US in LA or NY? The Panama Canal could determine the answer. Imagine a jagged north south line dividing the US. Located somewhere between the East and West Coast,...  [read more]

  • Is It Better to Outsource or Insource T-shirts?

    Manufacturing Matters in the US

    Dec 10, 12 • 300 Views • No Comments

    Hearing about an apparel firm that “insourced,” I confess I was not as enthusiastic as the report. The firm, American Giant, had just enjoyed a run on their hoodies. As a Made in the USA producer, they have the caché of a San Francisco factory....  [read more]

  • Invention, Profit and Economic Growth

    The Real Mother of Invention

    Oct 21, 12 • 526 Views • No Comments

    Saying that profit, not necessity is the mother of invention, economic historian John Steele Gordon starts his column in this week’s Barrons. His focus was the 18th century clipper ships that earned people like John Jacob Astor $50,000 for a single...  [read more]