How to run a Self-Sufficient Economy (Autarky)?

Discussion in 'Economics & Trade' started by ingyaningya, Jan 31, 2012.

  1. Reiver

    Reiver Well-Known Member

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    This is just rant disguised as unimaginative putdown. You need to do better. We've seen the fellow make basic mistake over comparative advantage. He should have known that I wasn't referring to the Ricardian model, but reference to imperfect competition and consequences for consumer quality, technical progress and of course 'deadweight loss'
     
  2. raymondo

    raymondo Banned

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    Even when desperately defending a lost position , you still manage to write in Gobbledygook . I am beginning to believe you just don't see it .
    It is not a putdown for the sake of being nasty
    The specific charges are
    Gobbledygook
    Verbosity
    Pretentiousness
    Self love
    And I could continue ,but all of the evidence against you is in your own posts and not opined by me from thin air .

    I now propose to move on as I have nothing further to add .
     
  3. Reiver

    Reiver Well-Known Member

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    No, I continue to use economics in an economics thread. You may not be able to respond, but that merely reflects your non-economic approach. Someone with even a mere Econ 101 background should be able to appreciate where comparative advantage can be applied. The standard Ricardian model will refer to how an autarky can escape its production possibility frontier, with specialisation enabling higher consumption. It cannot be used to understand the impact of imperfect competition, generated of course through product differentiation and economies of scale. We necessarily move to the theory traditionally summarised under the 'new trade theory' tag
     

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