Author Archives: John Rutledge

Yesterday I wrote a long and boring piece arguing that Ricardo’s famous Principle of Comparative Advantage rested on a single assumption–goods can move between countries but capital is frozen in place–that made sense then (1823) but not today. Further, I … Continue reading →

Summary: the best thing we can say about this week–Barr letter, Brexit clown car, trade talks, Russian troops in Venezuela–is that it is over and next week will be a lot easier to think about. Here are my thoughts on … Continue reading →