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fsckboylast Friday at 9:59 PM1 replyview on HN

I said "but people don't do that because there are better alternatives".

I also said "with monograms" for example, i.e. there are irl handmade sweaters made today because people don't necessarily want a factory product.

I pointed it out because it illustrates a hint of the principles of "comparative advantage" which concepts are useful for analyzing more than international trade, analysis the majority of people aren't familiar with.


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Starman_Jonesyesterday at 1:32 AM

Comparative advantage falls flat on its face in the circumstances being described, though. It’s based on an assumption of opportunity cost that no longer holds true.

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