Comparative Advantage
topic on 4 shows · 5 statements across 4 episodes
BG2 Pod 
Cheeky Pint 
My First Million 
the a16z Podcast
5 statements about Comparative Advantage, every show
Handmer: The idea the US is intrinsically uncompetitive in manufacturing is crap
“This whole idea, like, comparative advantage, that the United States should just be intrinsically bad, or, like, uncompetitive at certain kinds of things, is crap. Like, this has every advantage it could possibly want.”
Patel: Comparative advantage allows human market wages to drop below subsistence
“Comparative advantage is totally consistent with like with human wages being below subsistence.”
Gurley: Backing away from comparative advantage causes guaranteed mutual economic loss
“Doing stuff you're good at and letting other people do stuff they're good at is a win, win, win, win, win, and you start backing that up, and you're gonna get lose, lose, lose. I, I'm certain of it.”
Maples: Focus on comparative advantage, ignore domains where you cannot excel
“There's lots of ways to get rich in this world and there's lots of ways to succeed in business. Every comes back to everybody should know what's my comparative advantage and not be preoccupied by all the things you can't be the best at.”
Maples: The 20th-century corporate ladder is dead; personal agency is required
“If the 20th century was about being the quote unquote organization man and following the rules and progressing up the hierarchy, it doesn't exist anymore.
Now you have to be, you have to take agency for your own life and own your comparative advantage.
And
Un…”