According to the general consensus in academia, Ricardo’s theory of international trade embodies the theory of comparative advantage. The principle of comparative advantage he proposed, based on the ...

Kennedy, Robert E., and Nancy F. Koehn. "Economic Gains from Trade: Comparative Advantage." Harvard Business School Background Note 796-183, June 1996. (Revised November 1996.) ...

Log-in to bookmark & organize content - it's free! The House Agriculture Committee hears testimony on how food production would be affected by the adoption of a North American Free Trade Agreement, ...

Yoffie, David B., and John J. Coleman. "Note on Sources of Comparative Advantage." Harvard Business School Background Note 387-024, July 1986. (Revised April 1989.) ...

David Ricardo, a Scottish economist, made a perceptive observation that a few individuals, firms, or countries can gain from trading, even if one of them is objectively the best in all activities.

Economists and philosophers are trying to rethink our social models. Collaborative models are being imagined as a way of hoping to live in a better society. At the heart of this question is the ...

Log-in to bookmark & organize content - it's free! Stephen Moore, longtime economic adviser to President Trump and visiting fellow at the Heritage Foundation, discusses the benefits of trade and the ...

The Pakistan Development Review, Vol. 43, No. 4, Papers and Proceedings PART II Twentieth Annual General Meeting and Conference of the Pakistan Society of Development Economists Islamabad, January ...

Thanks to oil prices that have reached record levels, proponents of increased exploration in the United States have gained an upper hand in the debate over whether to drill in previously untapped ...

In textbook economics, trade is a win-win: Two countries trade freely based on comparative advantage and share the resulting gains, improving welfare in both countries. America’s trade with China is ...