Goldmoney Head of Research, Alasdair Macleod sheds light on the law of comparative advantage. In this short video, I want to explain why it is a mistake to think that foreign trade might be unfair. We ...

The first edition of A Concise Guide to Macroeconomics by David A. Moss was published in 2007—just as one of the world's great economic downturns was taking off. The second edition has just been ...

Once again, the Supreme Court torpedoed my plan to write about its tariff decision by not making one, and it now appears that the column will have to wait until February. Meanwhile, tariff payments ...

DURING the 1990s, the concept of comparative advantage served as the economic foundation for agricultural production, guiding the cultivation of crops and livestock. At the time, economists emphasised ...

A comparative advantage can be something inherent, in the way a person’s height might make them better at basketball. It can also be developed and improved, the way one basketball player can become ...

Mary Hall is a editor for Investopedia's Advisor Insights, in addition to being the editor of several books and doctoral papers. Mary received her bachelor's in English from Kent State University with ...

I think we will all happily take, as a sterling standard of impossibility, the idea of my ever winning a Nobel in anything. Even the Peace Prize which has been offered to some pretty odd people over ...

David Ricardo's concept of comparative advantage is an important premise in international trade theory because it explains how and why countries trade, even when one country can produce all things ...