Ricardian theory of comparative advantage
GPTKB entity
Statements (24)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:economic_policy
|
| gptkbp:assumes |
perfect competition
constant returns to scale two countries two goods labor as the only factor of production |
| gptkbp:basisFor |
free trade advocacy
|
| gptkbp:contrastsWith |
absolute advantage
|
| gptkbp:criticizedFor |
ignoring economies of scale
ignoring multiple factors of production ignoring transport costs |
| gptkbp:explains |
gains from trade
|
| gptkbp:focusesOn |
gptkb:treaty
|
| gptkbp:formedBy |
gptkb:David_Ricardo
1817 |
| https://www.w3.org/2000/01/rdf-schema#label |
Ricardian theory of comparative advantage
|
| gptkbp:influenced |
modern trade theory
|
| gptkbp:publishedIn |
gptkb:On_the_Principles_of_Political_Economy_and_Taxation
|
| gptkbp:relatedTo |
gptkb:Heckscher-Ohlin_model
|
| gptkbp:state |
countries should specialize in goods where they have comparative advantage
|
| gptkbp:usedIn |
international economics
|
| gptkbp:bfsParent |
gptkb:Heckscher-Ohlin_theory_of_trade
gptkb:factor_proportions_theory |
| gptkbp:bfsLayer |
8
|