Ricardo Comparative Advantage Quotes & Sayings
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Top Ricardo Comparative Advantage Quotes
Litmus test: If you can't describe Ricardo 's Law of Comparative Advantage and explain why people find it counterintuitive, you don't know enough about economics to direct any criticism or praise at " capitalism " because you don't know what other people are referring to when they use that word . — Eliezer Yudkowsky
It is here we come to the heart of the matter. The economic principle of comparative advantage', 'a country may, in return for manufactured commodities, import corn even if it can be grown with less labour than in the country from which it is imported — David Ricardo