In-what-eracy?
There are major concerns about illiteracy and even innumeracy.The Economist's View folk cite a very old but very sensible essay by Paul Krugman on the prevalence, and acceptability, of ignorance about basic economic issues. It is well worth a visit.
Ignorance of the implications of comparative advantage in exchange should really not be socially acceptable.
posted by Alan Adamson @ 7:31 PM
2 Comments:
Hmmm. Krugman decidedly is not on my side of the political spectrum, but he is no foolhhh
He's not on my side of the political spectrum, either, but he sure wrote a great column about why sweat shops are a good thing. I think it was published in Slate, back in 1997.
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