Richard Werner
speaker
4,694 appearances
9 recordings
3 series
first heard Jul 2025
last heard 22 May
Richard Werner’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 8 in all, peaking in Apr 2026 with 6.
Appearances
Exactly.
And you provide the ex post justification.
And it is impressive.
Wow.
wow, so much clever mathematics.
This is a real clever scientist.
Well, it must be true, whatever he's saying.
This is essentially how economics has been working.
And now David Ricardo doesn't point out that his conclusion depends crucially on
on the terms of trade.
And what is that post-trade price?
What is the relative price of things?
He has nothing on that.
He just leaves that out.
But that's the crucial factor.
And the problem is that developing countries have a deteriorating terms of trade if they follow his advice.
So,
David Ricardo has essentially proven what everyone already knew, that trade can potentially be beneficial for everyone because we create benefits through trade.
That's not in doubt.
The mercantilists knew that.
Showing 881–900 of 4,694 · page 45 of 235
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