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Icelandic Alþing Elections (with update) | 79 comments (79 topical, editorial, 0 hidden)
Re: What says Wikipedia on comparative advantage? (none / 1)
Don't they usually just assume unemployment as a sort of "reserve function" like the setup for gas dynamics in the presence of a liquid?

Molecules (people) are absorbed and released by the reservoir according to the pressure in the chamber and the size of the reservoir (amount of economic activity and number of unemployed) along with an assumed NAIRU?

by Metatone (metatone [a|t] gmail (dot) com) on Tue May 15th, 2007 at 03:33:40 AM EST
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Icelandic Alþing Elections (with update) | 79 comments (79 topical, 0 editorial, 0 hidden)
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