Abstract
In his Wealth of Nations Adam Smith refuted a mercan-tilist argument that a trade advantage to one nation implied a counterbalancing disadvantage to another. He insisted that international trade could be mutually beneficial and argued powerfully in favour of free trade, but it was David Ricardo (1772–1823) who firmly established the theory of comparative advantage.
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Sources and References
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© 1971 A. L. Dalby
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Dalby, A.L. (1971). Comparative Advantage. In: Principles of Economics. Case Studies in Economics. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-15438-8_12
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DOI: https://doi.org/10.1007/978-1-349-15438-8_12
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