Best Comparative Advantage Quotes | Short & Famous Sayings

“The idea is that businesses that are plugged into the Mayflower-Plymouth ecosystem should have competitive and comparative advantages over non members in their respective markets.”

Business Mayflower Plymouth Competitive Advantage Ecosystem Comparative Advantage

Author:Hendrith Vanlon Smith Jr, CEO of Mayflower-Plymouth

“You can get anything you want from anywhere in the world at a bargain price, but don't [whatever you do] expect to understand how it was made or how it got to you.”

Capitalism Commerce Globalization Comparative Advantage

Book:Material World: The Six Raw Materials That Shape Modern Civilization

Source: Material World: The Six Raw Materials That Shape Modern Civilization

“Litmus test: If you can't describe Ricardo's Law of Comparative Advantage and explain why people find it counterintuitive, you don't know enough about economics to direct any criticism or praise at "capitalism" because you don't know what other people are referring to when they use that word.”

People Ifs Knows Enough Use Law Capitalism Advantage Economics Direct Criticism Tests Praise Referring Comparative Advantage

Author:Eliezer Yudkowsky

“In many societies the domestic social costs of adjustment to changing patterns of comparative advantage are believed to outweigh the advantages of further trade liberalization.”

Social Cost Advantage Trade Patterns Adjustment Comparative Advantage

Book:The Political Economy of International Relations

Source: The Political Economy of International Relations

“In a world where technology and capital are highly transferable, there is a real risk that comparative advantage comes to be defined as whose labor force will work for the lowest wage.”

World Real Force Technology Risk Advantage Labor Defined Lowest Labor Force Comparative Advantage

Book:The Economic Illusion: False Choices Between Prosperity and Social Justice

Source: The Economic Illusion: False Choices Between Prosperity and Social Justice

“The ability to work with systems of general equilibrium is perhaps one of the most important skills of the economist - a skill which he shares with many other scientists, but in which he has perhaps a certain comparative advantage.”

Important Certain Ability Share Skills Advantage Scientist Economist Equilibrium Comparative Advantage

Author:Kenneth E. Boulding

“A system that rewards politicians skilled at campaigning - which is the art of creating an illusion - and that puts hundreds of billions of coerced taxpayer dollars at the disposal of the winners will tend to attract men and women with a comparative advantage in manipulation.”

Men Art Politician Creating Illusion Men And Women Advantage Dollars Rewards Billions Winner Manipulation Taxpayers Campaigning Comparative Advantage

Author:John Stossel

“United States has comparative advantage in military force. It tends to react to anything at first with military force, that's what it's good at. And I think they overdid it. There was more military force than was necessary.”

Thinking Firsts States Force United United States Military Advantage Military Force Comparative Advantage

Author:Noam Chomsky

“Temporary nationalization of the banks that are in very bad shape would mean basically that the government is the temporary owner. I always believe that the government should focus on its comparative advantages, and banking is not one of them. It should, therefore, if it nationalizes banks, sell them back to the private sector.”

Ifs Should Believe Mean Government Focus Shapes Advantage Sells Owners Temporary Banking Always Believe Private Sector Comparative Advantage

Author:Joseph Stiglitz

“Every great political campaign rewrites the rules; devising a new way to win is what gives campaigns a comparative advantage against their foes.”

Way Giving Political Winning Advantage Campaigns New Ways Foe Political Campaign Devising Great Political Comparative Advantage Comparative Literature

Author:John Podhoretz

“It is here we come to the heart of the matter. The economic principle of comparative advantage', 'a country may, in return for manufactured commodities, import corn even if it can be grown with less labour than in the country from which it is imported”

Ifs Heart May Country Matter Principles Economic Return Advantage Economics Labour Commodity Corn Imports Comparative Advantage

Author:David Ricardo

“Thousands of important and intelligent men have never been able to grasp the principle of comparative advantage or believe it even after it was explained to them”

Men Believe Important Able Principles Advantage Economics Intelligent Intelligent Man Comparative Advantage

Author:Paul Samuelson

“In the quest for comparative advantage, investment will flow towards those countries that can offer more output for fewer emissions. Inaction will cost jobs. Action will support jobs.”

Country Action Jobs Politics Support Cost Offers Advantage Flow Investment Climate Change Fewer Quests Inaction Emissions Output Comparative Advantage

Author:Julia Gillard

“The fact that global savers accommodate U.S. consumers by keeping U.S. interest rates lower than they otherwise would be and the dollar stronger than it otherwise would be is simply a manifestation of America's comparative advantage at supplying wealth storage facilities.”

Facts Would Be America Interest Wealth Balance Advantage Stronger Trade Dollars Rate Consumers Manifestation Facility Accommodate Interest Rate Imbalance Storage Comparative Advantage

Author:John H. Makin

“We need to move from comparative advantage to perpetual advantage.”

Needs Moving Advantage Perpetual Comparative Advantage

Author:Max McKeown

“To be strategic is to concentrate on what is important, on those few objectives that can give us a comparative advantage, on what is important to us rather than others, and to plan and execute the resulting plan with determination and steadfastness.”

Giving Important Plans Advantage Determination Objectives Strategic Great Business Steadfastness Comparative Advantage

Author:Richard Koch