| Latest 7 Posts |
Staying in Wonderland
Thu, Oct 11th 2012  156
|
Dear Yancy Lent
Thu, Oct 11th 2012 130
|
Understanding Notes apps
Wed, Oct 10th 2012 52
|
Congratulations, Devin!
Thu, May 3rd 2012 131
|
Dear everyone in the HVAC industry...
Wed, May 2nd 2012 141
|
American Spring
Fri, Apr 27th 2012 121
|
Protect yourself, empower your audience
Thu, Apr 26th 2012 167
|
| Top
10 |
Sorry, no records were found!
|
|
These videos are made of win
Nathan T Freeman
It has long been my opinion that good software
designers should understand the basic economics of trade. Ours is a highly
specialized practice, and it produces an absolutely staggering surplus
when we trade. But this can be very difficult to understand unless you
grasp the concept of Comparative Advantage. (Understanding Asymmetrical
Information is also a good idea, but let's save that for another day.)
Because of the absolutely marvelous
title, I stumbled upon these videos from Professor Art Carden today. They
are one of the clearest and simplest explanations of the incredibly counter-intuitive
notion of Comparative Advantage. I cannot recommend them for IT specialists
enough. THIS is why what we do is so damned valuable for the people that
buy from us.
Part
1
Part
2
Part
3
Side note: the characters of Fritz and
Lou are a marvelous inside joke for students of Austrian economics. 10
points to the first commenter to explain why.
---------------------
http://ntf.gbs.com/nathan/escape.nsf/d6plinks/NTFN-8R473L
Feb 01, 2012
31 hits
| Recent Blog Posts |
Sorry, no records were found!
|
