this post was submitted on 12 Dec 2023
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chapotraphouse

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[–] [email protected] 5 points 2 years ago* (last edited 2 years ago) (5 children)

Isn't all 'comparative advantage' stuff fake though?

E: Sorry, genuinely asking, not doing a bit.

[–] [email protected] 19 points 2 years ago* (last edited 2 years ago) (3 children)

Comparative advantage is just about division of labor. If you're awesome at making hats and good at making shoes, and I'm doodoo at making hats but okay at making shoes, then we gain the most if you focus on making hats and lose the least if I focus on making shoes. If you do everything for both of us, then I have nothing to contribute.

Also that's from way before neoliberalism, David Ricardo came up with that, and he was pre-Marx

[–] [email protected] 6 points 2 years ago (2 children)

That's funny, I recall Ricardo being taught as a classic liberal in school, but reading the Wikipedia page he doesn't seem to be?
Seems like a cool dude tbh.

[–] [email protected] 5 points 2 years ago

He was an Adam Smith kinda dude

[–] [email protected] 3 points 2 years ago

What's wrong with being a classical liberal during the time it was normal, if not progressive to be one (the 1700s-1840s until Marx's reckoning)?

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