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An Economist you can understand, but do you want to?
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idea1947
Posted 11/30/2015 13:11 (#4928938 - in reply to #4928627)
Subject: RE: An Economist you can understand, but do you want to?


Political economist David Ricardo, building on the ideas of Adam Smith, worked out how nations create wealth from trade in his 1817 Theory of Comparative Advantage.  Counter intuitive that it is, it has stood the test of time.

Low paid hamburger flippers are part of the service sector, but also included are advertising executives, CPA's and Lawyers, and even NFL Quarterbacks and Hollywood starlet's, not exactly the bottom rung on the wage ladder.

I could go on, but it would probably be inutile.



Edited by idea1947 11/30/2015 13:16
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