WE can joke all we want about economists, their theories and forecasts, and the inexactitude they sometimes deal with, but economics definitely offers some profound truths. Comparative advantage is an ...

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 ...

To return again to that subject exercising so many of our finest economic minds at present. What happens when the robots get good enough to come and steal all our jobs? There's various possible ...

Frank A. Wolak is a professor of economics and director of the Program on Energy and Sustainable Development at Stanford University. Updated January 19, 2011, 11:01 PM A basic economic theory of ...

It’s very rare that one feels bold enough to disagree with Professor Diedre McCloskey on economics (or history or English or anything else she chooses to master or simply take an interest in, which ...

The country's economy is relatively small but diversified, which means there is need to look at specific areas that should be allocated more resources and effort to achieve a high standard of living ...

Is that progress? If we consider that the transformation of the ape into “homo sapiens” took millions of years, the period from Antiquity to our present day is far too short to allow for evolution. No ...

It is common knowledge that this island of ours has a considerable lack of resources and it is because of this reason that it has to radically invest in its comparative advantages, as there is simply ...

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, ...

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 ...