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 ...

(MENAFN- The Conversation) For the best part of two centuries, the principle of“comparative advantage” has been a foundation stone of economists' understanding of international trade, both of why it ...

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 ...

Comparative advantage is the economic principle that an individual, firm, or nation faces a unique set of advantages and disadvantages relative to others in its production of particular goods and ...

By Michael Osei AKOMEAGhana’s oil wealth is more than a resource; it is a strategic economic asset whose value depends on how it is integrated into the fabric of national growth and industrial ...

SADLY, the article is behind The Atlantic's paywall, but Clive Crook's essay on the the puzzle of why scepticism about free trade seems to be waxing despite the fact that there is no new theory or ...

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 ...

Jonathan West says that his hand was all but shaking when he came to write his essay. It wasn't an all-revealing memoir or confession, but something just as outlandish, at least for political leaders ...

Emily Oster, an enormously inventive thinker, has a terrific article in Slate on how families should approach assigning various household tasks. Her basic insight is that we should draw on the ...