Posts Tagged ‘trade’

  • David Ricardo Comparative Advantage

    What Would David Ricardo Say About Your Sneakers?

    Jul 15, 14 • 445 Views • No Comments

    While the uniforms, boots and other items worn by the military are supposed to be 100% “Made in the USA,” exceptions are okay if we cannot make what they need. Athletic shoes became one of those exceptions when the Defense Department said it was...  [read more]

  • Obama/Biden and Romney/Ryan Issues

    Election Economics: The Economics of Foreign Policy

    Oct 22, 12 • 408 Views • No Comments

    Although tonight’s presidential debate is about foreign policy, perhaps the real focus is the economy. More than 200 years ago, Alexander Hamilton created the connection between economic policy and foreign policy. By funding the Revolutionary War...  [read more]

  • shoes, status signals and property rights

    More Sole Rights

    Oct 16, 11 • 262 Views • No Comments

    Should a musician be happy with file-sharing and piracy? Maybe. According to a recent study of counterfeits, certain businesses should welcome “fakes.” The study looked at counterfeit footwear from China. Sold in the U.S., the fakes affected the...  [read more]

  • 16572_8.17_000014030272XSmall

    Made in the USA?

    Aug 24, 11 • 257 Views • No Comments

    One friend recently said to me, “The problem is we don’t make anything anymore!” Disagreeing, a San Francisco Fed report says that 88.5% of consumer spending is for goods and services made here. In addition, businesses are buying US made...  [read more]

  • Human capital helps GDP Grow

    GDP Solutions

    Aug 2, 11 • 277 Views • No Comments

    It is all about GDP.  In this article, the WSJ does a good job of explaining how each GDP component might solve our problems…or make them worse. Consumer Spending: The largest part of GDP, consumer spending has propelled recovery in the past. With...  [read more]