The Craft of Economics: Lessons from the Heckscher-Ohlin Framework (Ohlin Lectures)
Came across Leamer's essay A Flat World, a Level Playing Field, a Small World After All, or None of the Above in Virtualization forklifts microphones by Andrew Kortina of Venmo.
3.1
" And there are Hotelling competitors that cluster inefficiently together in the center of a straight-line segment along which customers are distributed uniformly (a flat distribution)."
Reminded me of book rows.
Transportation cost to travel
(A modern version of this idea is the microeconomic exam question: “Why does the State of Washington ship its best apples to other states, not its worst?”)
Hunt vs Washington apple advertising commission
Just like the milk scarcity in villages where it is produced than in towns where it is sold.
"Should the processing be done where the materials can be found or where the product is sold? It depends on whether processing adds weight or reduces weight."
Relevant question in Internation business of where to produce goods. Additional costs then are tariffs. The world's biggest maker of cycles cant help you buy a bike.
Alfred Weber's least Cost Theory
"In that kind of world, there would be specialized cultural services (e.g., plays and newspapers and legal services) made by locals for locals. These couldn’t be shipped very far because the messages would melt away to meaninglessness if the content were shipped over great distances to unreceptive cultures."
Classics, for all the literature readers who read other cultures for example Genji tales, Pillow book, Greek scholars retain their self well, even in far away cultures and eras.
"How many Hollywoods?"
Effective speed of your travel or the cost and benefits of transport.
Econ-oculars just the same day I learned of cosmic-oculars from cosmic kids yoga from kids.
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