The first edition of A Concise Guide to Macroeconomics by David A. Moss was published in 2007—just as one of the world's great economic downturns was taking off. The second edition has just been ...

Explore how comparative advantage affects trade, contrasts with absolute advantage, and guides nations in maximizing economic ...

Last week was the 200th anniversary of the most counterintuitive idea in economics. On April 18, 1817, David Ricardo published On the Principles of Political Economy and Taxation, in which Ricardo ...

A comparative advantage can be something inherent, in the way a person’s height might make them better at basketball. It can also be developed and improved, the way one basketball player can become ...

Students who take Economics 101 usually hear a story about international trade. It goes like this: "There's a guy in the state of Michoacán, Mexico, who is really good at growing avocados. There's ...

For decades, economists have claimed that free trade delivers the greatest good to the greatest number of people. Good for workers, corporations, shareholders and the country. This idea has been ...