Stephen A. Marglin is Walter S. Barker professor of economics at Harvard University. CAMBRIDGE, Mass. — The theory of comparative advantage claims that a country should specialize in the goods that it ...

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 ...

David Ricardo, a Scottish economist, made a perceptive observation that a few individuals, firms, or countries can gain from trading, even if one of them is objectively the best in all activities.

Log-in to bookmark & organize content - it's free! British Conservative Party member Owen Paterson delivered remarks on the state of negotiations for the U.K.'s exit from the European Union (also ...

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 ...

David Ricardo's concept of comparative advantage is an important premise in international trade theory because it explains how and why countries trade, even when one country can produce all things ...

Fresh out of graduate school, economist Samuel Kortum ’92 Ph.D. began collaborating with Jonathan Eaton ’73 M.A., ’76 Ph.D. while both were on the faculty of Boston University. Kortum, now the James ...

This is a preview. Log in through your library . Abstract Most of the literature on international trade under uncertainty has focused on technological uncertainty. The present paper, in contrast, ...

In 1817 the great English economist David Ricardo coined the phrase "comparative advantage" to identify activities that one nation can do better than most others. The concept here is that if the Swiss ...

User-Created Clip July 22, 2022 2018-09-19T22:26:05-04:00https://ximage.c-spanvideo.org ...