If David Ricardo had lived beyond the age of 51, how might he have delivered a lecture on comparative advantage? I argue that Ricardo infers the direction of comparative advantage and the size of the ...

The first edition of A Concise Guide to Macroeconomics by David A. Moss was published in 2007—just as one of the world's great economic downturns was taking off. The second edition has just been ...

In 1817, political economist David Ricardo argued that a country tends to manufacture commodities whose production costs are comparatively lower than the cost of producing the same commodities in ...

To return again to that subject exercising so many of our finest economic minds at present. What happens when the robots get good enough to come and steal all our jobs? There's various possible ...

The great mathematician Stanislaw Ulam challenged the great economist Paul Samuelson to name a principle in the social sciences that was both true and nonobvious. Samuelson thought for a bit, then ...

In the early 19th century David Ricardo formulated the principle of comparative advantage to explain mutual gains from trade among countries. He based it on a critical assumption: that capital did not ...

Simply sign up to the German economy myFT Digest -- delivered directly to your inbox. Michael Pettis is a Beijing-based associate of the Carnegie Endowment for International Peace. In a New York Times ...

Reviewed by Thomas J. Catalano Fact checked by Jared Ecker Key Takeaways International trade allows consumers and countries to be exposed to goods and services that are not available in their own ...

Americans are angry. One well-defined cause of their anger is the lack of jobs to replace the ones lost to global trade. The "Ricardian" definition of Comparative Advantage – the DNA that powers ...