Shaikh’s path 2 Absolute Advantage

Shaikh’s path 2 Absolute Advantage

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Interactive Video

Business

University

Hard

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The speaker discusses their controversial work on trade, focusing on the methodological approach of questioning established ideas. Using stage magic as an analogy, they explore the concepts of comparative and absolute advantage, highlighting the flaws in Ricardo's theory when considering endogenous money. The speaker concludes with empirical evidence supporting the idea of absolute advantage over comparative advantage.

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What new insight or understanding did you gain from this video?

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