tag:blogger.com,1999:blog-4272573100001809523.post1501914757383157761..comments2024-03-09T06:36:40.894-08:00Comments on The Bear Market Economics Phenomenon: Why The Theory of Comparative Advantage Is WrongNOTES FROM THE WILDSIDEhttp://www.blogger.com/profile/03499454400310101800noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-4272573100001809523.post-84122866676428611912012-05-29T23:19:51.894-07:002012-05-29T23:19:51.894-07:00I enjoyed this article, finding it very informativ...I enjoyed this article, finding it very informative. I would like your analysis on how the Ricardian "Law of Rent" applies to comparative advantage; which states that as production increases, so to does rent, thus decreasing wages. Could some kind of land-reform and rent tax give labor a stronger bargaining position and reduce some of the deficiencies in comparative advantage that you have elucidated. <br /><br />Additionally, the most glaring flaw, that I can see, would be the reduction in self-sufficiency that free trade and comparative advantage can create. Giving capital an even stronger bargaining position, lowering wages, and leading to the exploitation of labor. Your thoughts?Anonymousnoreply@blogger.com