▲ | thaumasiotes 14 days ago | |
Forerunner? Bastiat would have been 15 when Ricardo published. But note also that the example doesn't make any use of comparative advantage. It's sufficient that the value of the coal is different in different places. This is about how water is more valuable when you're dying of thirst, not about how water is easy to produce if you live on an island in a freshwater lake. |