When David Ricardo set the theory for comparative advantages, he imagined that one day the world will function as an economy without borders, which will be beneficial for every country. Today, the world is still far from the realization of that idea. However, Ricardo`s theory has in some way become a model for the creation of a common European market, in which member states of the Union trade freely. From the early beginnings of its creation, the European Union was envisaged as free trade area in which the countries can use their comparative advantages. The idea is that a country would specialize in production of the goods which have relatively lower costs of production, and trade them for goods that are costly to be produced at home. I...
This article first analyzes Ricardo’s theorem, not just his argument in favor of comparative advanta...
Die Entstehung der Theorie des komparativen Kostenvorteils war, anders als die Darstellungen des Kon...
In a recent article, Alan Deardorff (2005) analyses the strength of the comparative advantage’s prin...
In international trade, countries should use their relative comparative advantages. They should spec...
Following Smith’s advocacy of free trade and competition, David Ricardo attempts to strengthen his t...
Due to a precise definition of comparative advantage and a deeper understanding of the logical inter...
David Ricardo’s theory of comparative advantage is now two centuries old, but it remains at the hear...
The article sets out to develop a fundamental theory of foreign trade, the bases for which are to be...
This article examines David Ricardo’s trade theory, which emphasises that if protection is removed, ...
There are three important claims in this paper: First, there is solid evidence for affirming that Ri...
Proponents of free trade contend that trade liberalization benefits all participants, regardless of ...
With the famous numerical example of chapter 7 of the Principles David Ricardo intended to illustrat...
Due to a precise definition of comparative advantage and a deeper understanding of the logical inter...
There are three main claims in this paper: First, there is sufficient evidence for affirming that Ri...
Ricardo essentially adhered to the logic of trade that Smith formulated in the Wealth of Nations. Th...
This article first analyzes Ricardo’s theorem, not just his argument in favor of comparative advanta...
Die Entstehung der Theorie des komparativen Kostenvorteils war, anders als die Darstellungen des Kon...
In a recent article, Alan Deardorff (2005) analyses the strength of the comparative advantage’s prin...
In international trade, countries should use their relative comparative advantages. They should spec...
Following Smith’s advocacy of free trade and competition, David Ricardo attempts to strengthen his t...
Due to a precise definition of comparative advantage and a deeper understanding of the logical inter...
David Ricardo’s theory of comparative advantage is now two centuries old, but it remains at the hear...
The article sets out to develop a fundamental theory of foreign trade, the bases for which are to be...
This article examines David Ricardo’s trade theory, which emphasises that if protection is removed, ...
There are three important claims in this paper: First, there is solid evidence for affirming that Ri...
Proponents of free trade contend that trade liberalization benefits all participants, regardless of ...
With the famous numerical example of chapter 7 of the Principles David Ricardo intended to illustrat...
Due to a precise definition of comparative advantage and a deeper understanding of the logical inter...
There are three main claims in this paper: First, there is sufficient evidence for affirming that Ri...
Ricardo essentially adhered to the logic of trade that Smith formulated in the Wealth of Nations. Th...
This article first analyzes Ricardo’s theorem, not just his argument in favor of comparative advanta...
Die Entstehung der Theorie des komparativen Kostenvorteils war, anders als die Darstellungen des Kon...
In a recent article, Alan Deardorff (2005) analyses the strength of the comparative advantage’s prin...