The Ricardian Law of Comparative Advantage
David Ricardo made one vital contribution to economic thought and to the case for freedom of trade: the law of comparative advantage.
David Ricardo made one vital contribution to economic thought and to the case for freedom of trade: the law of comparative advantage.
Every great European nation translated Say's Trait into its own language.
According to the prejudice of many thinkers, "science is measurement."
By the turn of the 19th century, the views and doctrines of Adam Smith had swept the board of European opinion.
The impacts of Mises’ life and work have been resounding now for 100 years
It is no wonder that Smith's Wealth of Nations made little headway at first in Germany.
Böhm-Bawerk's work inspired a generation.
Eugen von Böhm-Bawerk was an economist, lawyer, finance minister, teacher, and a founding figure of the Austrian School of economics.
One of the unhappy casualties of World War I was the old-fashioned treatise on economic "principles."