exhaustible resources | maryanndimand

maryanndimand

Some limitations of the Ricardian model

maryanndimand May 17, 2017 06:30

So I went through the Ricardian model that shows how agents' differences in opportunity costs of production give reasons for trade that results in gains all round, contrary to the US folklore of exchange as a battle between Smart and Stupid ( Read more... )

public services, technology, labor, transition cost, exchange, externalities, renewable resources, environmental economics, tastes, markets, ricardo, policy, exhaustible resources, opportunity cost, trade, institutions, employment, public goods, capital

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