Tag » David Ricardo

David Ricardo and the Comparative Advantage - Happy anniversary

On April the 19th, 1817 David Ricardo published his famous book “On the Principles of Political Economy and Taxation” in which he developed his theory of the comparative advantage. 34 kata lagi

World Trade

Globalization Alone Does Not Produce Losers!

by Gunther Schnabl*

The Brexit and the election of U.S. President Donald Trump were unexpected and were followed by a search for explanations. Subsequently, the common view spread that globalization is at the root of the frustrations of more and more people who are susceptible to strong nationalist statements from populists. 836 kata lagi

Macroeconomics

How Marx observed Capitalists at work: Read former Greek finance minister Yanis Varoufakis

How Marx observed Capitalists at work: Read former Greek finance minister Yanis Varoufakis

Before he entered politics, Yanis Varoufakis, the iconoclastic Greek finance minister at the centre of the latest Eurozone standoff, wrote this searing account of European capitalism and and how the left can learn from Marx’s mistakes… 5.081 kata lagi

Adonis49

He Said That? 3/13/17

From Robert Higgs (born 1944), American economic historian and economist combining material from Public Choice, the New Institutional economics, and the Austrian school of economics; and a libertarian anarchist in political and legal theory and public policy. 118 kata lagi

Politics

Principles of Political Economy and Taxation

The author identifies the two primary causes for a given value as scarcity — how rare is the product within the market space — and the labor necessary to produce such commodity. 1.300 kata lagi

Business