COMPARATIVE ADVANTAGE IN THE GENERALIZED SCHEME OF MANOILESCU

Vasile Dogaru ()

Journal for Economic Forecasting, 2005, vol. 2, issue 3, 91-113

Abstract: The comparative advantage has been studied from various perspectives, focusing solely on partial efforts such as labor force. Some researchers, such as Manoilescu, have attempted to establish a more rigorous theoretical model by observing total efforts. Moreover, the above-mentioned researcher looked at the comparative advantage from the perspective of national interest, which we shall nevertheless not deal with in our present study. By trying to identify, in a simple barter exchange, an algorithm of the relations between each entity’s individual advantages and the total advantage, we can achieve a coherent analytical understanding of the exchange act in a real-empirical negotiation.

Keywords: comparative advantage; Manoilescu; Mises; the cooperation law; individual interest; equity principle; analytical economicity (search for similar items in EconPapers)
JEL-codes: A11 C78 D61 D63 F13 Q01 (search for similar items in EconPapers)
Date: 2005
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:rjr:romjef:v:2:y:2005:i:3:p:91-113

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