cOMPARATIVE ADVANTAGE

[pdavidso <pdavidso@xxxxxxx>]

>===== Original Message From "J. Barkley Rosser, Jr." <rosserjb@xxxxxxx> =====
>Paul,
>     The comparative advantage outcome is
>a static result.  I agree that all kinds of things
>can happen in the dynamic case.  Also, such
>results will depend on assumptions about
>exchange rate mechanisms and balance of
>payments outcomes.
>     What would you recommend as the clearest
>statement in print of your results?
>

Perhaps the clearest statement regarding comparative vs absolute advantage is
in an article I wrote in 1999 entitled "Global Macro-Policies For Reducing
Persistent High Unemployment Rates in OECD Countries" published in a book
entitled MACROECONOMIC CAUSES OF UNEMPLOYMENT: DIAGNOSIS AND THERAPY
RECOMMENDATIONS  edited by W. Filc and C. Koehler.

This article is reprinted in the third volume of my collected writings -- the
volume is entitled UNCERTAINTY, INTERNATIONAL MONEY,  EMPLOYMENT AND THEORY
edited by Louise Davidson (Macmillan, 1999 in the UK and St Martin's Press in
the US)

paul

Paul Davidson
Editor, Journal of Post Keynesian Economics
University of Tennessee
SMC 523
Knoxville, Tennessee 37996-0550
phone # (865)974-4221; fax #(561)737-8262;
email pdavidson@xxxxxxx

Paul Davidson
Editor, Journal of Post Keynesian Economics
University of Tennessee
SMC 523
Knoxville, Tennessee 37996-0550
phone # (865)974-4221; fax #(561)737-8262;
email pdavidson@xxxxxxx