EconPapers    
Economics at your fingertips  
 

Ricardo's Numerical Example Versus Ricardian Trade Model: a Comparison of Two Distinct Notions of Comparative Advantage

Jorge Morales Meoqui ()

Economic Thought, 2017, vol. 6, issue 1, 35 - 55

Abstract: The so-called Ricardian trade model of contemporary economic textbooks is not a rational reconstruction of Ricardo's famous numerical example in chapter seven of the Principles. It differs from the latter in terms of the definition of the four numbers, relevant cost comparison, rule for specialisation, assumptions and theoretical implications. Thus, the widespread critique regarding the unrealistic assumptions of the textbook trade model does not apply to Ricardo's original proof of comparative advantage.

Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations Track citations by RSS feed

Downloads: (external link)
http://et.worldeconomicsassociation.org/papers/ric ... mparative-advantage/ (text/html)
http://et.worldeconomicsassociation.org/files/WEA-ET-6-1-MoralesMeoqui.pdf (application/pdf)

Related works:
Working Paper: Ricardo vs. “Ricardian” Model (2010) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wea:econth:v:6:y:2017:i:1:p:35

Access Statistics for this article

Economic Thought is currently edited by Kyla Rushman

More articles in Economic Thought from World Economics Association Contact information at EDIRC.
Series data maintained by Jake McMurchie ().

 
Page updated 2017-09-29
Handle: RePEc:wea:econth:v:6:y:2017:i:1:p:35