From: Paul Hughes (planetp@aci.net)
Date: Sat Apr 25 1998 - 23:22:42 MDT
Dan Fabulich wrote:
> What the theory of comparative advantage shows is that trade and
> specialization work to increase productivity, even if one producer has
> absolute advantage over the other. While there is ample evidence to
> suggest that robots may have absolute advantage over us in all goods and
> services (maybe even in programming themselves!), it is profoundly unlikely
> that they will have comparative advantage over us in all goods. So we will
> specialize in the goods in which humans have comparative advantage, and
> sell them to the robots. :)
>
Your arguments are very compelling! :-)
In three years, you are the first free-marketeer to address my concerns in a
detailed, precise and substantiated manner. Thanks for the input. I'm going to
have to digest your last few posts over the next few days before I can have an
opinion on them.
Paul
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