Thursday, August 15, 2019
Spherical market system with and without partitions
Imagine a global market system
Production for ever as a single system without barriers
Now draw boundaries looking for a bounded area that would improve local welfare by autarcky
Of course you have a given distribution of real elements conditioned by years and years of global free trade
Now take an existing global broken into
Existing bounded restriction zones
And pull away the restrictions
And after say 10 years try to find a boundable sub area that could improve welfare however measured by restricting trade
More ...much more needed