Unformatted text preview: X down + M up Adam Smith (1923-1990) Trade not zero-sum game but benefits all parties Factor inputs price Smith: 1 factor labor “Labour theory of value”...
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This note was uploaded on 04/17/2011 for the course ECON 3250 taught by Professor Shaw during the Spring '11 term at CUNY Baruch.
- Spring '11
- International Economics