stackyFACTSComparative advantage is the only reason anyone collaborates. Even if one group is universally worse at everything, focusing strictly on what they are least terrible at creates optimal global efficiency.
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Even if your neighbor is better at both making shoes and baking bread, comparative advantage says they should still focus entirely on whichever one they are…
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For centuries, nations operated under the myth that the only way to get richer was to aggressively steal someone else's slice of the pie. This zero-sum…
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Deciding a nation should produce absolutely everything internally sounds like a deeply patriotic goal until you run out of basic necessities. Autarky is the…
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In fictional wastelands, the most valuable commodity is literally garbage. You can apparently buy heavy weaponry with enough discarded soda tops.
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Your craft beer is constantly under threat from a sneeze. The hops plant is notoriously sensitive to agricultural diseases, especially mildews that coat the…
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Before central banking existed, North American colonists had to figure out how to buy whiskey without cash. They resorted to trading animal pelts, with the…
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