Ricardo vs. “Ricardian” Model
The so-called Ricardian model of contemporary economic textbooks differs significantly from the famous numerical example included in chapter seven of the Principles. The difference is not merely with respect to the definition of the four numbers, but also in terms of underlying proposition, logical construction, assumptions and theoretical implications. Therefore, the textbook model should no longer be considered as part of Ricardo’s international trade theory, nor taken as basis for understanding Ricardo’s superior demonstration of comparative advantage in the Principles.
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- Jorge Morales Meoqui, 2011.
"Comparative Advantage and the Labor Theory of Value,"
History of Political Economy,
Duke University Press, vol. 43(4), pages 743-763, Winter.
- Morales Meoqui, Jorge, 2010. "Comparative advantage and the labor theory of value," MPRA Paper 27099, University Library of Munich, Germany.
- Roy J. Ruffin, 2002. "David Ricardo's Discovery of Comparative Advantage," History of Political Economy, Duke University Press, vol. 34(4), pages 727-748, Winter. Full references (including those not matched with items on IDEAS)
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