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Narrow economies vs broad economies
Podcast: Debunking Economics - the podcast (LS 41 · TOP 1.5% what is this?)
Episode: Narrow economies vs broad economies
Pub date: 2025-11-06
Get Podcast Transcript →
powered by Listen411 - fast audio-to-text and summarization
Is it fair enough to totally write off Ricardo’s theory of competitive advantage? Certainly, President Trump isn’t an advocate, using tariffs to protect America’s domestic industries from those countries that produce stuff cheaper. A broad economy, producing a range of products and services, is preferably to a narrow one, reliant on one or two key exports, which is what Ricardo advocated. But in support of Ricardo, some of the narrowest economies, like Australia, have some of the highest levels of GDP per capita. It seems to work for resource-based economies, so far. But could they be even richer? Phil and Steve discuss Ricardo and economic complexity in the age of Trump’s tariff agenda.
The podcast and artwork embedded on this page are from Steve Keen & Phil Dobbie, which is the property of its owner and not affiliated with or endorsed by Listen Notes, Inc.
Episode: Narrow economies vs broad economies
Pub date: 2025-11-06
Get Podcast Transcript →
powered by Listen411 - fast audio-to-text and summarization
Is it fair enough to totally write off Ricardo’s theory of competitive advantage? Certainly, President Trump isn’t an advocate, using tariffs to protect America’s domestic industries from those countries that produce stuff cheaper. A broad economy, producing a range of products and services, is preferably to a narrow one, reliant on one or two key exports, which is what Ricardo advocated. But in support of Ricardo, some of the narrowest economies, like Australia, have some of the highest levels of GDP per capita. It seems to work for resource-based economies, so far. But could they be even richer? Phil and Steve discuss Ricardo and economic complexity in the age of Trump’s tariff agenda.
Hosted on Acast. See acast.com/privacy for more information.
The podcast and artwork embedded on this page are from Steve Keen & Phil Dobbie, which is the property of its owner and not affiliated with or endorsed by Listen Notes, Inc.
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By The Syllabus / Listen NotesPodcast: Debunking Economics - the podcast (LS 41 · TOP 1.5% what is this?)
Episode: Narrow economies vs broad economies
Pub date: 2025-11-06
Get Podcast Transcript →
powered by Listen411 - fast audio-to-text and summarization
Is it fair enough to totally write off Ricardo’s theory of competitive advantage? Certainly, President Trump isn’t an advocate, using tariffs to protect America’s domestic industries from those countries that produce stuff cheaper. A broad economy, producing a range of products and services, is preferably to a narrow one, reliant on one or two key exports, which is what Ricardo advocated. But in support of Ricardo, some of the narrowest economies, like Australia, have some of the highest levels of GDP per capita. It seems to work for resource-based economies, so far. But could they be even richer? Phil and Steve discuss Ricardo and economic complexity in the age of Trump’s tariff agenda.
The podcast and artwork embedded on this page are from Steve Keen & Phil Dobbie, which is the property of its owner and not affiliated with or endorsed by Listen Notes, Inc.
Episode: Narrow economies vs broad economies
Pub date: 2025-11-06
Get Podcast Transcript →
powered by Listen411 - fast audio-to-text and summarization
Is it fair enough to totally write off Ricardo’s theory of competitive advantage? Certainly, President Trump isn’t an advocate, using tariffs to protect America’s domestic industries from those countries that produce stuff cheaper. A broad economy, producing a range of products and services, is preferably to a narrow one, reliant on one or two key exports, which is what Ricardo advocated. But in support of Ricardo, some of the narrowest economies, like Australia, have some of the highest levels of GDP per capita. It seems to work for resource-based economies, so far. But could they be even richer? Phil and Steve discuss Ricardo and economic complexity in the age of Trump’s tariff agenda.
Hosted on Acast. See acast.com/privacy for more information.
The podcast and artwork embedded on this page are from Steve Keen & Phil Dobbie, which is the property of its owner and not affiliated with or endorsed by Listen Notes, Inc.