The gains from specialization and population size |
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Authors: | Roy J Ruffin |
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Institution: | aUniversity of Houston, Houston, TX 77204, United States |
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Abstract: | This note combines three ideas: the association of more people with new goods, the comparative advantages of individuals, and economic happiness. People may not be happier in a larger knowledge economy, but the gains from specialization are necessarily larger. |
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Keywords: | Comparative advantage Population Innovation Happiness |
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