The authorship of the principle of comparative advantage has been attributed to different economists, most often to David Ricardo, Robert Torrens or James Mill. The motivation for this paper stems ...

The principle of comparative advantage holds that a country, or in this case, a state in a sovereign unit of federating components, particular in economic terms, has the advantage of producing a ...

In fact, comparative advantage usually arises from decisions - explicit, expensive decisions - made by people on both sides of the border to become comparatively good at some things and then trade ...

One of the first things budding economists learn is the principle of " comparative advantage." A country has a comparative advantage when it can produce a product or service more cheaply than others.

British economist David Ricardo published his theory on comparative advantage 200 years ago on Wednesday. It offers some lessons to President Trump, who promises to redefine U.S. trade policy.

IndustryWeek's elite panel of regular contributors. For decades, economists have claimed that free trade delivers the greatest good to the greatest number of people. Good for workers, corporations, ...

The world is walking into a global trade war. Political leaders in China, the United States, and Europe are abandoning the principles of comparative advantage and free trade. Instead, they are ...

Fiecke misunderstands comparative advantage. It only operates correctly when those in competition are similarly situated to begin with. So, if I fix tires for $10, but Mike down the street fixes tires ...

As I’ll explain, such a notion is bad economics. Comparative advantage One of the first things budding economists learn is the principle of “comparative advantage.” ...

On the contrary, the Principle of Comparative Advantag e, which underlies the economic idea that trade is broadly beneficial, is as true today as it was after World War II.