Posts Tagged ‘David Ricardo’

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    Ricardo and China

    Mar 18, 10 • 109 Views • Developing Economies, Economic Thinkers, International Trade and Finance, Thinking EconomicallyNo Comments

    What happens when you build an airport and nobody uses it?  China has an answer. Although China faces underutilization as it develops its transportation infrastructure in the air, by rail and roads,  it seems to be continuing. China’s...

  • The Visible and the Invisible

    Feb 6, 10 • 97 Views • Thinking EconomicallyNo Comments

    Supporting free trade in 1978, Milton Friedman (1912-2006) referred to...

  • Pleasing Ricardo

    Dec 24, 09 • 104 Views • Thinking EconomicallyNo Comments

    During the 1990s, ignoring the protests of horrified Italian cheesemakers, the US placed a tariff on Pecorino cheese. The reason was bananas. Favoring their former colonies, the EU taxed bananas coming from all other Latin American countries that were grown...