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 ...

Hi. I'm Jackie Jackson, and I'm going to talk to you about comparative advantage and economies of scale. Now these are two items that a company will examine when they're determining whether or not ...

I think we will all happily take, as a sterling standard of impossibility, the idea of my ever winning a Nobel in anything. Even the Peace Prize which has been offered to some pretty odd people over ...

According to the general consensus in academia, Ricardo’s theory of international trade embodies the theory of comparative advantage. The principle of comparative advantage he proposed, based on the ...

Students who take Economics 101 usually hear a story about international trade. It goes like this: "There's a guy in the state of Michoacán, Mexico, who is really good at growing avocados. There's ...

Discover what concession agreements are, how they function, their advantages, and real-world examples to understand public-private partnerships better.

Log-in to bookmark & organize content - it's free! Stephen Moore, longtime economic adviser to President Trump and visiting fellow at the Heritage Foundation, discusses the benefits of trade and the ...

The Pakistan Development Review, Vol. 43, No. 4, Papers and Proceedings PART II Twentieth Annual General Meeting and Conference of the Pakistan Society of Development Economists Islamabad, January ...

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 ...

In textbook economics, trade is a win-win: Two countries trade freely based on comparative advantage and share the resulting gains, improving welfare in both countries. America’s trade with China is ...

To many of the United States’ friends abroad, the results have been catastrophic not just for the American people and the U.S. economy, but also for its standing in the world. Timothy Garton Ash, a ...