Understanding Comparative Advantage

Tags: Calculation and Knowledge, History of the Austrian School of Economics

02/22/2013 Mises Daily Stanley Schmidt

Editor’s note: The following is excerpted from the textbook Life of Fred: Pre-Algebra II with Economics by Stanley Schmidt.

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Stanley Schmidt

Stan Schmidt is an author (30+ books), poet, artist, preacher, television producer (47 episodes of Stan Now Considers...

Understanding Comparative Advantage

02/22/2013 Mises Daily Stanley Schmidt

The people of Kansas are better than the people of Freedonia, both at producing toothpaste <em>and</em> zebras. What to do?

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