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The art of economics consists in looking not merely at the immediate hut at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups—Henry Hazlitt

Showing posts with label comparative advantage. Show all posts

Tuesday, June 26, 2012

ADB’s Imprudent Investments in the Philippines

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From the ADB The Asian Development Bank’s (ADB) Board of Directors today approved a $350-million Increasing Competitiveness for Inclusi...

Tuesday, November 29, 2011

Philippines as Call Center Capital of the World Has Not Been about Wages

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If markets are to function freely, we are likely to see division of labor and competition based competitive advantage as the main force driv...

Friday, March 04, 2011

Video: How Wealth Is Derived From Mutually Beneficial Free Trade

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Trade is human action: we do this everyday with the aim at attaining better life and live past self sufficiency which characterized the live...

Thursday, December 16, 2010

iPhone Shows Why Global Imbalances Will Remain

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Mercantilists are simply wrong. The are mistaken in arguing for the "currency valve" policy option to address global ‘imbalances...

Sunday, October 25, 2009

The Evils Of Devaluation

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``The much talked about advantages which devaluation secures in foreign trade and tourism, are entirely due to the fact that the adjustment ...

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