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Efficient Specialisation in Ricardian Production: What Can the Example of Cloth and Wine Teach Us?

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  • Wolfram F. Richter

Abstract

ifo Schnelldienst 9/2017 paid tribute to Ricardo‘s ground-breaking achievements in modern economics. In his article Wolfram F. Richter, Technical University of Dortmund, examines the numerical example in Ricardo’s theory of comparative costs and looks at how efficient Ricardian production can be characterised if more than two countries and two types of goods are considered.

Suggested Citation

  • Wolfram F. Richter, 2017. "Efficient Specialisation in Ricardian Production: What Can the Example of Cloth and Wine Teach Us?," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 70(18), pages 21-22, September.
    • Handle: RePEc:ces:ifosdt:v:70:y:2017:i:18:p:21-22
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    References listed on IDEAS

    as
    1. Wolfram F. Richter & Joachim Rosenmüller, 2012. "Efficient Specialization in Ricardian Production," German Economic Review, Verein für Socialpolitik, vol. 13(2), pages 117-126, May.
    2. Ronald W. Jones, 1961. "Comparative Advantage and the Theory of Tariffs: A Multi-Country, Multi-Commodity Model," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 28(3), pages 161-175.
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    More about this item

    JEL classification:

    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General

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