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Tag Archives: hunter-gatherers

That trading thing people do

Canadian economist Nick Rowe made a comment on a blog post on comparative advantage that bugged me: The way I teach it, all gains from trade come either from differences between people, like comparative advantage, or else from economies of scale. So I think gains from trade is not more basic than comparative advantage. Gains […]

Norm failure

I have previously posted elsewhere about how similar the failures in indigenous policy and development (particularly foreign aid) policy have been. Remarkably similar, indeed. They also show some distinct similarities to the more unfortunate effects of welfare provision. (By ‘welfare provision’ I do not mean the aged pension or health or education services; I am talking […]