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 ...

Log-in to bookmark & organize content - it's free! The House Agriculture Committee hears testimony on how food production would be affected by the adoption of a North American Free Trade Agreement, ...

In a war, the wise general will often manage to take the high ground in order to gain a superior position against the enemy. By gaining the advantage of gravity, such a distinction can often be enough ...

With newly available data, I investigate to what extent countries' international trade exploits the very uneven water resources on a global scale. I find that water is a source of comparative ...

David Ricardo's concept of comparative advantage is an important premise in international trade theory because it explains how and why countries trade, even when one country can produce all things ...

Business cycles are both less volatile and more synchronized with the world cycle in rich countries than in poor ones. We develop two alternative explanations based on the idea that comparative ...

I think we will all happily take, as a sterling standard of impossibility, the idea of my ever winning a Nobel in anything. Even the Peace Prize which has been offered to some pretty odd people over ...

Sean Ross is a strategic adviser at 1031x.com, Investopedia contributor, and the founder and manager of Free Lances Ltd. TERADAT SANTIVIVUT / Getty Images At their core, interest rate swaps are a ...

In 1817 the great English economist David Ricardo coined the phrase "comparative advantage" to identify activities that one nation can do better than most others. The concept here is that if the Swiss ...

In textbook economics, trade is a win-win: Two countries trade freely based on comparative advantage and share the resulting gains, improving welfare in both countries. America’s trade with China is ...

FAO is one of the three Rome-based agencies (FAO, IFAD, WFP) working to fight hunger and promote sustainable agriculture and rural development. FAO's comparative advantage is in providing policy ...