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A Geometric Proof of Complete Specialization in a Three-by-Three Ricardian World Economy

  • Makoto TawadaEmail author
  • Takeshi Ogawa
Chapter
Part of the New Frontiers in Regional Science: Asian Perspectives book series (NFRSASIPER, volume 26)

Abstract

This short chapter provides an illustrative explanation of the Ricardian theory of comparative advantage. Making use of a geometric approach, the proofs of Jones’ well-known theorem and its extended version by Shiozawa are reproduced in the three-country and three-good case. For the use of a geometric explanation, we employ the idea of Amano and Ikema on the goods price set which assures complete specialization.

Keywords

Ricardian Theory of Comparative Advantage Complete Specialization Goods Price Vector Jones Shiozawa 

Notes

Acknowledgment

We would like to express our thanks to an anonymous reviewer for very useful comments which have vastly improved our chapter.

References

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Copyright information

© Springer Nature Singapore Pte Ltd. 2018

Authors and Affiliations

  1. 1.Faculty of EconomicsAichi Gakuin UniversityNagoyaJapan
  2. 2.Faculty of EconomicsSenshu UniversityKawasaki-shiJapan

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