Ricardo’s Theory of Comparative Advantage: Old Idea, New Evidence

When asked to name one proposition in the social sciences that is both true and non-trivial, Paul Samuelson famously replied: 'Ricardo's theory of comparative advantage'. Truth, however, in Samuelson's reply refers to the fact that Ricardo's theory of comparative advantage i...

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Bibliographic Details
Main Authors: Costinot, Arnaud, Donaldson, David John
Other Authors: Massachusetts Institute of Technology. Department of Economics
Format: Article
Language:en_US
Published: American Economic Association 2012
Online Access:http://hdl.handle.net/1721.1/73062
https://orcid.org/0000-0002-5503-297X