The discovery of comparative advantage
The discovery of comparative advantage
The discovery of the principle of comparative advantage was a complex process involving two generations of economists. This paper examines the contributions of Torrens, Ricardo, James Mill and John Stuart Mill. It argues that James Mill's Elements (1821) and not Ricardo's principles (1817) is the primary text for the principle. Mill transformed and systematised the insights of the earlier contributors, including Ricardo, and his mistakes stimulated the later contributors.
University of Southampton
Aldrich, J.
206ecaac-00de-46ff-98d7-0b87668859de
January 1998
Aldrich, J.
206ecaac-00de-46ff-98d7-0b87668859de
Aldrich, J.
(1998)
The discovery of comparative advantage
(Discussion Papers in Economics and Econometrics, 9811)
Southampton, UK.
University of Southampton
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Monograph
(Discussion Paper)
Abstract
The discovery of the principle of comparative advantage was a complex process involving two generations of economists. This paper examines the contributions of Torrens, Ricardo, James Mill and John Stuart Mill. It argues that James Mill's Elements (1821) and not Ricardo's principles (1817) is the primary text for the principle. Mill transformed and systematised the insights of the earlier contributors, including Ricardo, and his mistakes stimulated the later contributors.
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Published date: January 1998
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Local EPrints ID: 32914
URI: http://eprints.soton.ac.uk/id/eprint/32914
PURE UUID: abc292aa-f568-47fc-815e-1ca1d05570ee
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Date deposited: 04 Dec 2007
Last modified: 11 Dec 2021 15:18
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Author:
J. Aldrich
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