Ricardo's Comparative Dis-Advantage

6 Pages Posted: 11 May 2013 Last revised: 9 Mar 2020

See all articles by Hak Choi

Hak Choi

Chienkuo Technology University - Department of International Business; Chung-Hua Institution for Economic Research

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

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

Hak Choi (Contact Author)

Chienkuo Technology University - Department of International Business ( email )

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Taiwan
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Chung-Hua Institution for Economic Research ( email )

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Taipei
Taiwan

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