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The Classical (Ricardo-Torrens) Theory of Comparative Costs

  • Giancarlo Gandolfo

Abstract

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).

Keywords

International Trade Unit Cost Real Income Comparative Cost Profit Rate 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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References

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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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