01-10-2017, 01:28 PM
(01-10-2017, 11:50 AM)SomeGuy Wrote: You mention comparative advantage, you might want to look up what David Ricardo actually said concerning situations where one trading partner has a consistent advantage in all or most goods, what he thought that might do to the other country, and the ridiculous thing that he thought would prevent it.
Can you provide a link. My understanding of Ricardo what that his analysis only held when factors of production did not move between countries--which actually was the case then. Can you guess why that was so?