Tag Archives: trade

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 […]

Copa Havana

Former Cuban leader Fidel Castro has said that he decided to step down and transfer power to his younger brother, Raul, because he was diagnosed with a fatal illness in 2006. In an article published to mark his 87th birthday, Fidel Castro said he didn’t expect to survive the stomach ailment and live for so […]