Day: April 2, 2020

small downtown main street local businesses and economy

Comparative Resilience: 8 Principles for Post-COVID Reconstruction

This past weekend, a bright Georgetown undergraduate asked me how I squared my passion for localization with the theory of comparative advantage.  For economics newbies, he was referring to David Ricardo’s argument that every community should find one product to specialize in and trade for everything else.  I gave my

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Michael H. Shuman

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