Where Comparative Advantage Comes From . The essence of this law can be illustrated with a simple example. Imagine that you are a skilled cabinetmaker as well as a gifted painter.

The graph below gives the RCA index for five main commodity groups during ... India’s comparative advantage in export of ‘fuels’ shows continuous increase with the RCA index rising from 0. ...

Troy Segal is an editor and writer. She has 20+ years of experience covering personal finance, wealth management, and business news. Absolute and comparative advantage are economic concepts that ...

One common oversimplification is that comparative advantage is just about countries making what they’re best at. This is a bit like saying Macbeth is a play about murder – yes, but there’s ...

That is, Ricardo on trade and comparative advantage might be 200 years old today but it's all still entirely relevant. And thus, of course, we really should get to grips with the only logically ...

In The Wall Street Journal, Ben Wattenberg writes that immigrants help vitalize the American economy and maintain our traditions of hard work and patriotism.

Our Comparative Advantage 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 ...

If comparative advantage no longer provides a robust foundation for explaining and justifying international trade, we should question its use in arguing, as Kirk does, ...

Historically, the U.S. has had a comparative advantage in manufacturing because of its high rates of technological innovation, correspondingly high rates of capital investment and worker ...