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Eric Crampton
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Contributing Writer, The National Business Review
Wellington
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By Eric Crampton| The New Zealand Initiative@ Many economists make international trade seem more complicated than it needs to be. Stephen Landsburg had a simple way of explaining it all. Landsburg’s version goes as follows:“There are two technologies for producing automobiles in America. One is to manufacture them in Detroit, and the other is to grow them in Iowa. Everybody knows about the first technology; let me tell you about the second. First, you plant seeds, which are the raw material from which automobiles are constructed.
By Eric Crampton| The New Zealand Initiative@ About a quarter of a century ago, my wife to-be introduced me to a card game called Flux. It was popular among the computer science and engineering students in Pittsburgh. Those students, who spent their days agonising over the logic of the code and structures they were designing, needed something a little different. Something so unpredictable that it defied planning and logic. Something where they didn’t have to think, because thinking couldn’t help much.
By Eric Crampton| The New Zealand Initiative@ Many economists make international trade seem more complicated than it needs to be. Stephen Landsburg had a simple way of explaining it all. Landsburg’s version goes as follows:“There are two technologies for producing automobiles in America. One is to manufacture them in Detroit, and the other is to grow them in Iowa. Everybody knows about the first technology; let me tell you about the second. First, you plant seeds, which are the raw material from which automobiles are constructed.
Company Info
The National Business Review
Wellington, New Zealand