Ricardo's Comparative Dis-Advantage
6 Pages Posted: 11 May 2013 Last revised: 9 Mar 2020
Date Written: May 10, 2013
Abstract
This paper uproots David Ricardo’s trade theory. When his production possibility curve is concave, there is comparative disadvantage, which should mean loss from trade and hence no trade. Since concave curve is common and realistic, his trade theory is obliterated.
Keywords: Comparative Dis-Advantage, Production Possibility Curve
JEL Classification: F11, D51
Suggested Citation: Suggested Citation
Choi, Hak, Ricardo's Comparative Dis-Advantage (May 10, 2013). Available at SSRN: https://ssrn.com/abstract=2263156 or http://dx.doi.org/10.2139/ssrn.2263156
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