From: gerald_a_levy (gerald_a_levy@msn.com)
Date: Tue Feb 11 2003 - 07:51:24 EST
Re [8403]: There was an interesting comment on the Kohler paper on the Post-Keynesian Thought (PKT) list by Kazuhiro Kurose (from the Graduate School of Economics and Business Administration at Hokkaido University in Sapporo, Japan): http://csf.colorado.edu/mail/pkt/2003I/msg00298.html He claims that if instead of a two-good model, another good (such as gold) is adopted as numeraire or if there is a three- good model then the principle of comparative advantage lacks generality. Kurose doesn't cite a source, though, for this conclusion. Does anyone know of such a source by Kurose or anyone else? Solidarity, Jerry An article by Gernot Kohler: "Comparative advantage: Comparative exploitation" http://www.atimes.com/atimes/Global_Economy/EA29Dj02.html
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