The Classical (Ricardo-Torrens) Theory of Comparative Costs

  • Giancarlo Gandolfo


The classical theory of international trade is usually attributed to David Ricardo, who treated it in Chap. 7 of his Principles But it is possible to find in the work of Robert Torrens earlier — though less complete — statements of this theory: the reader interested in problems of historical priority should consult Viner (1937) and Chipman (1965).


International Trade Unit Cost Real Income Comparative Cost Profit Rate 
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Copyright information

© Springer-Verlag Berlin Heidelberg 1987

Authors and Affiliations

  • Giancarlo Gandolfo
    • 1
  1. 1.Faculty of Economics and CommerceUniversity of RomeRomeItaly

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