The general validity of comparative advantage in trade exchanges
In a recent article, Alan Deardorff (2005) analyses the strength of the comparative advantage’s principle. The present article’s purpose is to follow the generalization of some recent results (Dogaru, 2000; 2005b) and also to sustain the unification’s necessity of some comparative advantage’s presentation drafts, in the analytical economy’s basis. This way the statement of real assumptions inside economics can be assured, connected to processes developed in an extended economic time and space. From this perspective comparative advantage’s analysis is necessary due to the existence of the tendency in which once with some new instruments’ creations, usually more formal and using a mathematical instrument more sophisticated, the validity of comparative advantage’s classic principle would be denied. The idea of introducing the validity of the comparative advantage’s principle in the trade exchanges – considered by Samuelson versus Stanislaw Ulam an accepted truth by all economists (and not only) as being un undemonstrated one – is not a productive one from an analytical point of view, which could contribute to the economics’ development.
|Date of creation:||Feb 2005|
|Date of revision:|
|Publication status:||Published in Romanian Economic Review 2004-2005.49-50(2005): pp. 171-198|
|Contact details of provider:|| Postal: Ludwigstraße 33, D-80539 Munich, Germany|
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- Alan V. Deardorff, 2005.
"How Robust is Comparative Advantage?,"
537, Research Seminar in International Economics, University of Michigan.
- Jack Triplett, 2004. "Handbook on Hedonic Indexes and Quality Adjustments in Price Indexes: Special Application to Information Technology Products," OECD Science, Technology and Industry Working Papers 2004/9, OECD Publishing.
- Carolyn L. Evans & James Harrigan, 2003.
"Distance, time, and specialization,"
International Finance Discussion Papers
766, Board of Governors of the Federal Reserve System (U.S.).
- James Harrigan & Carolyn Evans, 2004. "Distance, Time and Specialization," Econometric Society 2004 North American Winter Meetings 640, Econometric Society.
- Carolyn L. Evans & James Harrigan, 2003. "Distance, Time, and Specialization," NBER Working Papers 9729, National Bureau of Economic Research, Inc.
- Lionel W. McKenzie, 1953. "Specialisation and Efficiency in World Production," Review of Economic Studies, Oxford University Press, vol. 21(3), pages 165-180.
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