28 Mar 11 UTC | Spring, 1901: First lesson, people! According to mercantile thought, all wealth was derived from the land itself. People, crops, and precious metal could be extracted from the land, so therefore the empire with the most land was the wealthiest! |
29 Mar 11 UTC | Autumn, 1901: Next lesson: Mercantilism held that the world economy existed as a zero-sum function, meaning that for every gain a country made, another country suffered an equivalent loss! Let's see who the winners and losers will be this first year, shall we? |
29 Mar 11 UTC | Autumn, 1901: Next lesson: Mercantilism held that the world economy existed as a zero-sum function, meaning that for every gain a country made, another country suffered an equivalent loss! Let's see who the winners and losers will be this first year, shall we? |
29 Mar 11 UTC | Autumn, 1901: Crap, double post. Stupid refresh button =p. Still, that lesson might need repeating anyway. |
29 Mar 11 UTC | Autumn, 1901: Lol. Yeah I hate that double posting refresh. It still works even a day after the first post was made? |
31 Mar 11 UTC | Spring, 1902: next lesson? i cannot input my moves without it :) |
31 Mar 11 UTC | Spring, 1902: Next lesson? Uhm.... everyone...hold. Yes everyone input holds. That'll be good. |
31 Mar 11 UTC | Spring, 1902: why not, everyone move towards moscow and vacate his SCs? |
31 Mar 11 UTC | Spring, 1902: Let's all just hold! Wheeeeeee! |
31 Mar 11 UTC | Spring, 1902: Econ 101, Lesson 3; The law of comparative advantage says that two countries (or other kinds of parties, such as individuals or firms) can both gain from trade if, in the absence of trade, they have different relative costs for producing the same goods. Therefore, it is in the interest of all nations to discover what they need most, and find another nation both willing and capable of fulfilling that need. |
31 Mar 11 UTC | Spring, 1902: teacher, gotta question: isnt lesson 3 just opposed to lesson 2? |
31 Mar 11 UTC | Spring, 1902: An excellent question! Theories of economics change over time: comparative advantage is the currently held theory of economy, and it makes the assumption that a country cannot produce everything it needs. The combined output of two nations can often be more effective than just one. For example, Turkey may need to stop England from winning the game, but it cannot put fleets in the Atlantic with any speed. Therefore, it should recognize this fact and find another power that has an Atlantic dockyard, and try to influence them to build more ships. |
01 Apr 11 UTC | Spring, 1902: .... In retrospect that might not have been the best example =] |
01 Apr 11 UTC | Spring, 1902: *STARTS BUILDING FLEETS IN BREST* xD |
01 Apr 11 UTC | Autumn, 1902: Lesson #4 As was stated in the previous discussion, not all countries are skilled in the same areas. For example from this very match, we see that Turkey has opted against a pure military approach and has instead chosen to levy heavy economic sanctions on it's neighbor, Russia. Whether Russian industry can recover from the staggering setback is yet to be seen. |
01 Apr 11 UTC | Autumn, 1902: mmm, interesting. |
01 Apr 11 UTC | Autumn, 1902: Any questions from the class? |
02 Apr 11 UTC | Autumn, 1902: Where do babies come from? |
02 Apr 11 UTC | Autumn, 1902: When a mommy and a daddy love each other very, very much.... |
05 Apr 11 UTC | Autumn, 1903: Lesson #5 Cessation of Contracts If someone wishes to end a deal with you, expect them to try every conceivable loophole or oversight in the written document, or even produce new ones! |