Mar 12, 2008

Krugman Paper

Hey all,

for a break from our research, check out here an (old) paper from Krugman that I recently came across. Below is the abstract of the paper:

'This paper extends interplanetary trade theory to an interstellar setting. It is chiefly concerned with the following question: how should interest charges on goods in transit be computed when the goods travel at close to the speed of light? This is a problem because the time taken in transit will appear less to an observer travelling with the goods than to the stationary observer. A solution is derived from economic theory, and two useless but true theorems are proved.'



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