- Cafe Hayek - http://cafehayek.com -

Specialization and Trade

Posted By Don Boudreaux On July 27, 2011 @ 2:08 pm In Adam Smith,Growth,Innovation,Myths and Fallacies,The Economy,Trade | Comments Disabled

Here’s the PowerPoint presentation [1] that I used for my second lecture at the 2011 Cato University (held this year, btw, in one of my favorite towns: Annapolis, MD).

Because of several questions that I received after my first lecture, I began this second lecture with a brief review of the state of manufacturing in America.  I used several of the great graphs that Mark Perry made available over the past few years at Carpe Diem [2].  Of course, in my verbal remarks I explicitly acknowledged that these graphs are from Carpe Diem – and I encouraged the attendees to check out that indispensable blog.

Then I reviewed, first, Adam Smith’s explanation of the benefits of specialization, and, second, David Ricardo’s explanation (the principle of comparative advantage).  I also combined Smith with Ricardo.

I concluded – after some too-quick remarks on various theories of the industrial revolution – by encouraging the attendees to read Deirdre McCloskey’s Bourgeois Dignity [3].

Be Sociable, Share!
  • [4]
  • [5]
  • [6]
  • [7]
  • [8]

Comments

comments


Article printed from Cafe Hayek: http://cafehayek.com

URL to article: http://cafehayek.com/2011/07/specialization-and-trade.html

URLs in this post:

[1] Here’s the PowerPoint presentation: http://cafehayek.com/site/wp-content/uploads/2011/07/Heres-the-PowerPoint-presentation.ppt

[2] Carpe Diem: http://mjperry.blogspot.com/

[3] Bourgeois Dignity: http://www.amazon.com/Bourgeois-Dignity-Economics-Explain-Modern/dp/0226556654/ref=sr_1_1?s=books&ie=UTF8&qid=1308689749&sr=1-1

[4]

  • : http://twitter.com/intent/tweet?text=Specialization%20and%20Trade%20-%20http%3A%2F%2Fcafehayek.com%2F2011%2F07%2Fspecialization-and-trade.html%20

    [5]

  • : https://mail.google.com/mail/?view=cm&fs=1&to&su=Specialization%20and%20Trade&body=http%3A%2F%2Fcafehayek.com%2F2011%2F07%2Fspecialization-and-trade.html&ui=2&tf=1&shva=1

    [6]

  • : http://www.stumbleupon.com/submit?url=http%3A%2F%2Fcafehayek.com%2F2011%2F07%2Fspecialization-and-trade.html&title=Specialization%20and%20Trade

    [7]

  • : http://www.google.com/reader/link?url=http%3A%2F%2Fcafehayek.com%2F2011%2F07%2Fspecialization-and-trade.html&title=Specialization%20and%20Trade&srcURL=http%3A%2F%2Fcafehayek.com%2F2011%2F07%2Fspecialization-and-trade.html&srcTitle=Cafe+Hayek+where+orders+emerge

    [8] Image: http://www.blinklist.com/index.php?Action=Blink/addblink.php&Url=http%3A%2F%2Fcafehayek.com%2F2011%2F07%2Fspecialization-and-trade.html&Title=Specialization%20and%20Trade

    [9]

  • : http://www.myspace.com/Modules/PostTo/Pages/?u=http%3A%2F%2Fcafehayek.com%2F2011%2F07%2Fspecialization-and-trade.html&t=Specialization%20and%20Trade

    [10]

  • : http://reddit.com/submit?url=http%3A%2F%2Fcafehayek.com%2F2011%2F07%2Fspecialization-and-trade.html&title=Specialization%20and%20Trade

    [11]

  • : http://news.ycombinator.com/submitlink?u=http%3A%2F%2Fcafehayek.com%2F2011%2F07%2Fspecialization-and-trade.html&t=Specialization%20and%20Trade

    [12]

  • : http://sphinn.com/index.php?c=post&m=submit&link=http%3A%2F%2Fcafehayek.com%2F2011%2F07%2Fspecialization-and-trade.html

    [13] Tweet: https://twitter.com/share

  • Copyright © 2011 CafeHayek.com. All rights reserved.