The Theory of Interstellar Trade, Paul Krugman (1978)

http://en.wikipedia.org/wiki/The_Theory_of_Interstellar_Trade

by danteembermage • 17 years ago

21 6 17 years ago

en.wikipedia.org

The original article (it's listed in the wikipedia references and is a fun read if you're into trade theory and/or spaceships)

http://www.princeton.edu/~pkrugman/interstellar.pdf

eru• 17 years ago

There's a whole collection of these kinds of article at http://hanson.gmu.edu/econofsf.html

danteembermage2• 17 years ago

Awesome, thanks; I really want to find that Journal of Portfolio Management paper.

zandorg2• 17 years ago

I don't know if this what the paper is about, but it seems clear that you just send the goods and have a navigation computer - with no-one aboard. Then it's only the goods that age - which means a long best-before date.

fhars• 17 years ago

This is why you should not comment on articles you have not read, as this is the exact opposite of what the article was about. It was about the idea of putting a human on a long relativistic journey while his money is left on a bank account on earth to let it age (i.e. carry compound interrest) a hundred times faster than its owner, thereby increasing the subjective interrest rate by the same factor.

zandorg2• 17 years ago

Actually, I had read it. I just said I didn't understand it.

The Theory of Interstellar Trade, Paul Krugman (1978)

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