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Trade Theory: Comparative Advantage and Its Critics

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An examination of David Ricardo's theory of comparative advantage, its foundational role in liberal international political economy, and the mercantilist, structuralist, and value-chain-based critiques that have challenged its assumptions.

Inhaltsübersicht

  • Ricardo and the Logic of Comparative Advantage
  • From Ricardo to the Liberal International Trade Order
  • Mercantilist and Structuralist Critiques
  • Contemporary Challenges: Value Chains and the Limits of Ricardian Assumptions
Portrait of David Ricardo, the classical economist who formalized the theory of comparative advantage
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