Jorge Morales Meoqui

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Questions related from Jorge Morales Meoqui

If Ricardo's statement of comparative advantage is simpler than the textbook version, then why do we keep teaching the latter instead of the former?

Ricardo's original comparative advantage is not only simpler, but also more elegant and accurate, and does not rely on questionable assumptions.

01 January 1970 5,306 24 View

Is the textbook notion of comparative advantage wrong?

In this paper I have shown that the notion of comparative advantage that can be found in todays economic textbooks is the result of important misinterpretations of Ricardo’s famous numerical...

01 January 1970 2,593 20 View