Monday, October 29, 2007

Also, Go Sox!

Erudite, as always, review of Mac OS X 10.5 over at Ars Technica—Latin-ish for the art of technology.

The Concise Encyclopedia of Economics is enlightening and worth your time.

Why? Explain why free trade works. If you are like most, you can't. If you are in the rare learned minority, you likely just described absolute advantage, which illustrates why America should never, ever make another car or piece of chocolate, but not why free trade is a net benefit for all states, not just ones that make the best wine or the cheapest pajamas. No, the theory you want is comparative advantage.