Discover how globalization enhances comparative advantage, driving economic efficiency in both developed and developing ...

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 ...

(MENAFN- The Conversation) For the best part of two centuries, the principle of“comparative advantage” has been a foundation stone of economists' understanding of international trade, both of why it ...

Last week was the 200th anniversary of the most counterintuitive idea in economics. On April 18, 1817, David Ricardo published On the Principles of Political Economy and Taxation, in which Ricardo ...

Discover how the Home Market Effect explains global trade patterns, why large countries become net exporters, and ...

SADLY, the article is behind The Atlantic's paywall, but Clive Crook's essay on the the puzzle of why scepticism about free trade seems to be waxing despite the fact that there is no new theory or ...

DURING the 1990s, the concept of comparative advantage served as the economic foundation for agricultural production, guiding the cultivation of crops and livestock. At the time, economists emphasised ...

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 ...

Governor Nyesom Ezenwo Wike of Rivers State has once again raised the ante of national consciousness of how to grow and sustain the country’s economy, with his very unequivocal advocacy for states to ...