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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.

Feb 01, 2012
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