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David Ricardo ... thought of the theory of comparative advantage. For some of the modern thinking about it yes, that horribly wonderful essay by Paul Krugman, Ricardo's Difficult Idea.
Protectionism really isn‘t a theory of betterment for all but a claim that certain people in certain occupations are special.
The law of comparative advantage is usually attributed to David Ricardo, who described the theory in "On the Principles of Political Economy and Taxation," published in 1817. However, the idea of ...
A key trade theory turns 200 years old Wednesday ... biggest advantages and sell them to other countries. Ricardo called it "comparative advantage." The main concept: You focus on the products ...
Sean Silverthorne One of the most important principles in all of economics is that of comparative advantage, first articulated by the British political economist David Ricardo in 1817. Intent on ...
That argument can be summed up in two words: David Ricardo. Two hundred years ago, Ricardo changed the world with the theory of “comparative advantage.” One modern economist called it “the ...
Ruffin, Roy J. 2002. "David Ricardo's Discovery of Comparative Advantage.” History of Political Economy 34(4): 727–48. Samuelson, Paul A. 1938. "A Note on the Pure Theory of Consumer's Behavior.” ...
What does he mean when he says the current policies under the customs union are protectionist? He briefly restates David Ricardo’s law of comparative advantage. Explain this concept.