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Gottfried Haberler's 1930 Reformulation of Comparative Advantage in Retrospect

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  • Daniel M. Bernhofen

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In 1930 Gottfried Haberler freed the doctrine of comparative advantage from its association with David Ricardo's labor theory of value and provided us with its modern opportunity-cost formulation. Haberler's reformulation of comparative advantage revolutionized the theory of international trade and laid the conceptual foundation of modern trade theory. On the occasion of its 75th anniversary, a symposium has been organized to reflect on and celebrate one of the most durable and fruitful ideas in the history of economic thought. In this introductory paper I revisit Haberler's original formulation, which was published in German in the Weltwirtschaftliches Archiv . Copyright 2005 International Monetary Fund.

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  • Daniel M. Bernhofen, 2005. "Gottfried Haberler's 1930 Reformulation of Comparative Advantage in Retrospect," Review of International Economics, Wiley Blackwell, vol. 13(5), pages 997-1000, November.
  • Handle: RePEc:bla:reviec:v:13:y:2005:i:5:p:997-1000
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