Ricardo and Comparative Costs

Takashi Negishi and Takashi Negishi
Additional contact information
Takashi Negishi: The Japan Academy
Takashi Negishi: The University of Tokyo

Chapter Chapter 4 in Developments of International Trade Theory, 2014, pp 21-32 from Springer

Abstract: Abstract David Ricardo (1772–1823) was the representative theorist of the classical school of economics which was initiated by Adam Smith. Ricardo’s theory of comparative advantage developed in Chap. 7 of his Principles (1817) has been one of the few theories that economists of all the different schools understand and agree with. Although the current mainstream economics, the neo-classical school, has been developed from the marginal revolution against the classical school, it cannot be denied that Ricardo’s theory of comparative advantage is still an important cornerstone of the modern theory of international trade and has been studied intensively by many leading scholars of the neo-classical economics. Such modern interpretations of Ricardo are, however, sometimes very much different from what Ricardo really meant, as will be seen below.

Keywords: Comparative Costs; Marginal land; Complete specialization; Malthsian principle of population; Capital mobility; Gold as the international currency; Specie-flow mechanism; Labor value theory (search for similar items in EconPapers)
Date: 2014
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
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:spr:advchp:978-4-431-54433-3_4

Ordering information: This item can be ordered from
http://www.springer.com/9784431544333

DOI: 10.1007/978-4-431-54433-3_4

Access Statistics for this chapter

More chapters in Advances in Japanese Business and Economics from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().