It is here we come to the heart of the matter. The economic principle of comparative advantage', 'a country may, in return for manufactured commodities, import corn even if it can be grown with less labour than in the country from which it is imported— David Ricardo
Grateful Comparative Advantage quotations
Every great political campaign rewrites the rules;
devising a new way to win is what gives campaigns a comparative advantage against their foes.
Texas will again lift it's head and stand among the nations.
It ought to do so, for no country upon the globe can compare with it in natural advantages.
Litmus test: If you can't describe Ricardo's Law of Comparative Advantage and explain why people find it counterintuitive, you don't know enough about economics to direct any criticism or praise at "capitalism" because you don't know what other people are referring to when they use that word.
Only he who can view his own past as an abortion sprung from compulsion and need can use it to full advantage in the present. For what one has lived is at best comparable to a beautiful statue which has had all its limbs knocked off in transit, and now yields nothing but the precious block out of which the image of one's future must be hewn.
To be strategic is to concentrate on what is important, on those few objectives that can give us a comparative advantage, on what is important to us rather than others, and to plan and execute the resulting plan with determination and steadfastness.
Pride is seldom delicate, it will please itself with very mean advantages;
and envy feels not its own happiness, but when it may be compared with the misery of others
He's very knowledgeable. That's the one advantage that I see in Kobe Bryant's career compared to Michael Jordan. Ten years into Kobe Bryant's career, we're seeing a very polished 27-year-old player who's probably got another seven or eight great years ahead of him.
In the quest for comparative advantage, investment will flow towards those countries that can offer more output for fewer emissions. Inaction will cost jobs. Action will support jobs.
By four years of age, the average child in a family receiving public assistance has heard about 13 million words, compared to 45 million for a child from a wealthier family. The disadvantages developed during their first four years are usually still present in high school.
Thousands of important and intelligent men have never been able to grasp the principle of comparative advantage or believe it even after it was explained to them
Critics must excuse me if I compare them to certain animals called asses, who, by gnawing vines, originally taught the great advantage of pruning them.
Jealousy is cruel as the grave: the coals thereof are coals of fire, which hath a most vehement flame. [Therefore do not compare your lot with another's lest you see their advantages and lose the joy of what you already have.]
In a world where technology and capital are highly transferable, there is a real risk that comparative advantage comes to be defined as whose labor force will work for the lowest wage.
Ants offer special advantages for some important kinds of basic biological research. The colony is a superorganism. It can be analyzed as a coherent unit and compared with the organism in the design of experiments, with the individuals treated as the rough analogues of cells.
A system that rewards politicians skilled at campaigning - which is the art of creating an illusion - and that puts hundreds of billions of coerced taxpayer dollars at the disposal of the winners will tend to attract men and women with a comparative advantage in manipulation.
The ability to work with systems of general equilibrium is perhaps one of the most important skills of the economist - a skill which he shares with many other scientists, but in which he has perhaps a certain comparative advantage.
It is much to my advantage that several of my pictures should be seen together, as it displays to advantage their varieties of conception and also of execution, and what they gain by the mellowing hand of time which should never be forced or anticipated. Thus my pictures when first coming forth have a comparative harshness which at the time acts to my disadvantage.
Inherently, department stores have significant advantages compared to all other retailers.
I always remind Quebecers: hey, wait a minute - federalism works.
If you look at the fiscal arrangements, the economic arrangements, the way the country works, if you compare it to other countries in the world, it's quite advantageous for Quebec.
Temporary nationalization of the banks that are in very bad shape would mean basically that the government is the temporary owner. I always believe that the government should focus on its comparative advantages, and banking is not one of them. It should, therefore, if it nationalizes banks, sell them back to the private sector.
United States has comparative advantage in military force.
It tends to react to anything at first with military force, that's what it's good at. And I think they overdid it. There was more military force than was necessary.
[In picking stocks] You really have to know a lot about business.
You have to know a lot about competitive advantage. You have to know a lot about the maintainability of competitive advantage. You have to have a mind that quantifies things in terms of value. And you have to be able to compare those values with other values available in the stock market.
The distinction between the religious and secular orders is a fundamental aspect of Christianity. This distinction is an innovation compared to Islam and Judaism, and it is an advantage that has helped shape Europe.
We like to say that India has the advantage of being a large market.
We have provinces, we have the rule of law, we have a system of justice. But those are also weaknesses when compared with China. On the other hand, one of our strengths is that we are very individualistic, and as individuals we are very creative. But that, too, is a weakness, because it keeps us from working well together. Everyone thinks only about his own profit.
Henry Ford made a lot of money making cars at one time, but that was a small advantage to him compared to the benefit to millions of people who for the first time in their lives were emancipated from common public carriers and could live where they wanted, move at the hours they wanted, to the places they wanted. Ford collected a billion bucks, but that was peanuts compared to the benefits.
Communism worked honestly by officials devoid of human frailties and devoted to nothing but the good of its slaves, would have certain manifest material advantages as compared with a proletarian wage-system where millions live in semi-starvation, and many millions more in permanent dread thereof. But even if it were administered thus Communism would only produce its benefits through imposing slavery.
In many societies the domestic social costs of adjustment to changing patterns of comparative advantage are believed to outweigh the advantages of further trade liberalization.
Now clearly this advantage is when the data on tape has been found and just needs to be transferred back. You need to add a minute or so of seek time to find the data. On large transfers, though, tape should outpace most disk systems. From an ingest perspective, LTO-6 and other enterprise tape formats may be unrivaled when compared on a single unit basis.
It is often argued that left-handed batsmen have an advantage compared with the right-handers. I do not agree.
We need to move from comparative advantage to perpetual advantage.
My daughter's all grown up now compared to what she was, but I used to say, I’ve got to have my horse to where if she’s leading my horse somewhere, and she’s got a big armload of Barbies and drops something out of her hand, that son of a buck ought to stop and respect her while she’s gathering up all her dolls and not to walk on her or take advantage of her. And if I’ve done my work right, by gosh, that’s what they’ll do.
The fact that global savers accommodate U.
S. consumers by keeping U.S. interest rates lower than they otherwise would be and the dollar stronger than it otherwise would be is simply a manifestation of America's comparative advantage at supplying wealth storage facilities.
Sin in the theater, I can observe now, is comparable to education in a university: it is there for those who wish to take advantage of it, but fewer do than you might suspect.