tag:blogger.com,1999:blog-1331441403058020963.post8759004059823320238..comments2024-03-28T06:49:24.930-04:00Comments on International Political Economy at the University of North Carolina: Why Has US Finance Grown? Because The World Is Not a MonadThomas Oatleyhttp://www.blogger.com/profile/14092437150746625670noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-1331441403058020963.post-1233911593379180142012-08-26T02:47:11.335-04:002012-08-26T02:47:11.335-04:00345435345435abchttps://www.blogger.com/profile/16009783030535749392noreply@blogger.comtag:blogger.com,1999:blog-1331441403058020963.post-86519782204353122802012-06-27T18:23:42.404-04:002012-06-27T18:23:42.404-04:00Comparative advantage is about the relative advant...Comparative advantage is about the relative advantage of one state against others - not the absolute efficiency of an industry within that state.<br /><br />That voxeu article doesn't make sense, nor do the conclusions you draw from it: If the US finance industry had been MORE efficient in transferring from savers to borrowers, there would have been more people saddled with toxic assets.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1331441403058020963.post-21325127024106112252012-06-20T15:37:07.120-04:002012-06-20T15:37:07.120-04:00Something is wrong here-why is the global market b...Something is wrong here-why is the global market buying services that are adding very little value relative to 1910. Global market is not buying typewriters-joanhttps://www.blogger.com/profile/10564108791448361071noreply@blogger.comtag:blogger.com,1999:blog-1331441403058020963.post-23154713284373058062012-06-20T15:11:27.593-04:002012-06-20T15:11:27.593-04:00Joan -
The US financial system is inarguably bett...Joan -<br /><br />The US financial system is inarguably better at selling their services to the rest of the world than it was in 1910.Kindred Winecoffhttps://www.blogger.com/profile/14330671232391851377noreply@blogger.comtag:blogger.com,1999:blog-1331441403058020963.post-54656535615491713592012-06-20T12:59:37.334-04:002012-06-20T12:59:37.334-04:00Comparative Advantage? Has the finance industry be...Comparative Advantage? Has the finance industry become more efficient? Bloated financial system- As Philippon comments "current financial system does not seem any better at transferring funds from savers to borrowers than the financial system of 1910." Summary at <br />http://www.voxeu.org/index.php?q=node/7376joanhttps://www.blogger.com/profile/10564108791448361071noreply@blogger.com