I have actually been to Treasure Island it was in the Wisconsin Dells, I don’t think it was the same place that the author was referring to but maybe. What an interesting reading, except I couldn’t get the movie Castaway out of my head during that whole island scenario story. I mean he and Spalding survived on an island without some fancy trading system.
Comparative advantage is all around us every day. When you stop and think about it is pretty amazing. Even people like Josh with absolute advantage in potty stories don’t necessarily have a comparative advantage, giving hope to the rest of us. Our economy like Adam Smith says allows people to seek their comparative advantage. Isn’t that why we are taking the courses and pursuing the things we do? Because we consider ourselves better at certain things than others, but not to say that we don’t have a comparative advantage in the things we are not good at.
I also like the line “Amazingly, everyone always has a comparative advantage at something.” I worked at a grocery store in high school and I am pretty sure I have worked with a few people that hold very few comparative advantages. In fact them not helping me and getting in my way would be their comparative advantages. But to be fair they were really good at things like complaining and making sure you knew what “they had just done” like it was a novel concept that you actually work while you were at work.
Know I know that those people who I have worked with actually do hold a comparative advantage just maybe not in the grocery industry, maybe in something like the lazy boy tester industry would suite them best.