Saturday, May 03, 2008

Cavemen and Autoworkers: Why Economics (and trade) are NOT a zero-sum game

I've got a monster essay up at AskTheHarvardMBA.com:

http://www.asktheharvardmba.com/2008/05/03/is-global-economics-a-zero-sum-game/

In it, I explain why global economics is not a zero-sum game, how cavemen can illustrate both the power of innovation and comparative advantage, and how competition from Japanese automakers is a huge net positive for America (though they did cause some collateral damage--to wit, the career of Michael Moore).

Check it out!

http://www.asktheharvardmba.com/2008/05/03/is-global-economics-a-zero-sum-game/

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