In this excerpt, Moss illuminates David Ricardo's theory of comparative advantage.

Comparative advantage is the economic principle that an individual, firm, or nation faces a unique set of advantages and disadvantages relative to others in its production of particular goods and ...

A person is said to possess comparative advantage in producing a good if he can produce it at a lower opportunity cost. For example, a high-skilled surgeon who earns millions would lose a lot more ...

If David Ricardo had lived beyond the age of 51, how might he have delivered a lecture on comparative advantage? I argue that Ricardo infers the direction of comparative advantage and the size of the ...

Furthermore, the law of comparative advantage states very clearly that as economic actors all, we should let others labor to make for us what doesn’t maximize our profitable talents so that we ...

Cross-country differences in efficiency at R&D versus manufacturing (i.e., comparative advantage) bear importantly on the growth effects of economic structure and commercial policies. The American ...

She says moving jobs in manufacturing and textiles out of this country is good for the United States because it reflects a sound economic principle, comparative advantage, in action. Fiecke ...

I find that people constantly make this mistake in the workplace where "comparative advantage" has become the sort of thing people mouth to sound smarter than they are.

Ethiopia has a number of comparative advantages that might be used to further international commerce and economic growth. These benefits come from its labor force, agricultural potential, natural ...