In a world already shaken by pandemic disruptions and geopolitical tension, US President Donald Trump’s tariff policies stood ...

President Donald Trump has built another wall, and he thinks everyone else is going to pay for it. But his decision to impose ...

President Donald Trump’s goal of reciprocal trade is a false promise, based neither on economic laws nor market reality. His ...

On this side of the Atlantic, underpinning globalisation and free trade are the theories of 19th-Century British economist David Ricardo. In particular, the 1817 Theory of Comparative Advantage. There ...

On this side of the Atlantic, underpinning globalisation and free trade are the theories of 19th-Century British economist David Ricardo. In particular, the 1817 Theory of Comparative Advantage.

Critics of mercantilism say it failed to understand the principle of comparative advantage, later theorized by British economist David Ricardo. Ricardo said in 1817 that countries should focus on ...

proposed by British political economist David Ricardo in 1817. It’s worth revisiting what Ricardo argued, why it has worked (so far), and why it matters now. Simply put, the theory suggests that ...

Never mind that companies spent decades building a global supply chain because it was cheaper and more efficient (see David Ricardo’s law of comparative advantage, circa 1817). Never mind that ...

Critics of mercantilism say it failed to understand the principle of comparative advantage, later theorized by British ...