On Some “New” Interpretations of Ricardo’s Principle of Comparative Advantages

Sergio Parrinello

No CSWP60, Centro Sraffa Working Papers from Centro di Ricerche e Documentazione "Piero Sraffa"

Abstract: Different theories of international trade have originated from Chapter VII “On Foreign Trade” of Ricardo’s Principles and particularly from the interpretation of his numerical example of the gains from trade. In this paper a relatively new interpretation of such example and the resulting implications will be assessed in the light of Sraffa’s writings (1930, 1951) and of the so-called Neo-Ricardian approach applied to the theory of foreign trade. In particular, it will be reconsidered: i) the analogy between the choice of interna-tional specialization and the choice of techniques; ii) the conditions under which absolute cost advantages may prevail over comparative advantages and affect the pattern of inter-national trade and the delocalization of the national industries.

Keywords: David Ricardo; Comparative advantage; Gains from trade (search for similar items in EconPapers)
JEL-codes: B12 B17 F10 (search for similar items in EconPapers)
Pages: 17 pages
Date: 2022-12-22
New Economics Papers: this item is included in nep-his, nep-hpe and nep-int
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Persistent link: https://EconPapers.repec.org/RePEc:ris:sraffa:0060

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