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Originally Posted by $5 submissions
Is there any space in this equation for the economic reality of comparative advantage?
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You're kidding, right? Although one of the most intuitive theories within economics, the theory of comparative advantage is very unlikely to be successfully put into practice, because it would create far too many ripples, free trade or not. I don't think it's realistic to take it into account at macro level. It's much more useful (and easier practiced) at micro level these days.