Posts Tagged ‘David Ricardo’

  • Invention, Profit and Economic Growth

    The Real Mother of Invention

    Oct 21, 12 • 598 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]

  • US Chicken Paw Exports to China

    Playing Chicken With China?

    Sep 19, 12 • 408 Views • No Comments

    Yesterday’s headlines about the US taking China to the World Trade Organization (WTO) for unfair auto and auto parts subsidies took me to chicken feet and The Economist’s Sinodependency Index. Knowing the major firms that depend on China for...  [read more]

  • The Panama Canal Project Facilitates World Trade.

    A Made in the USA Mandate

    Jul 20, 12 • 301 Views • No Comments

    To introduce our first international trade discussion in class, I usually ask students to check where their clothing and shoes have been made. Finding labels that say “Made in China, Made in Thailand, Made in Peru…,” they first see how trade...  [read more]

  • The Panama Canal Project Facilitates World Trade.

    World Trade Spin

    Jul 17, 12 • 301 Views • No Comments

    We might be able to divide the world between economic thinkers and everyone else. I noted yesterday that economist Gregory Mankiw, as President Bush’s Council of Economic Advisers chair, said that outsourcing was probably a plus in the long run. Hearing...  [read more]

  • Obama/Biden and Romney/Ryan Issues

    Election Economics: Assessing Outsourcing

    Jul 16, 12 • 384 Views • 4 Comments

    Until November 6, at econlife, Mondays will be about presidential election economics. In 2004, when President Bush’s Council of Economic Advisers chairman, Harvard professor Greg Mankiw, was lambasted for saying, “… I think outsourcing is a...  [read more]