Keep Trying!
4 Years

No Need

Trade is not based on need. Sigh, it's surprising to read about such economic ignorance. As Tim Worstall points out, trade is based on comparative advantage.

This simple and elegant numerical example makes the concept of comparative advantage quite clear. Both participants benefit because of free trade. 'Need' was not even mentioned.

Economics: leave it to the pros.


Verify your Comment

Previewing your Comment

This is only a preview. Your comment has not yet been posted.

Your comment could not be posted. Error type:
Your comment has been posted. Post another comment

The letters and numbers you entered did not match the image. Please try again.

As a final step before posting your comment, enter the letters and numbers you see in the image below. This prevents automated programs from posting comments.

Having trouble reading this image? View an alternate.


Post a comment

Your Information

(Name is required. Email address will not be displayed with the comment.)