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Paul Craig Roberts

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Drewnowski's Economic Theory of Socialism

07/20/2005Articles of Interest
" Drewnowski's Economic Theory of Socialism," Journal of Political Economy , Vol . 76, No. 4, Part I (July/August 1968), pp . 645–650...

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Clarifications on the Case for Free Trade

Free MarketsGlobal EconomyMonopoly and CompetitionValue and Exchange

01/10/2004Mises Daily Articles
The case for free trade is based on David Ricardo’s principle of comparative advantage. Ricardo addressed the question how trade could take place between country A and country B (England and Portugal in his example) if country B was more efficient in the production of tradable goods (cloth...

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Roberts Replies Again

Blog01/19/2004

The point  Mr. Boudreaux is that comparative advantage depends on the differing internal opportunity costs of producing tradable goods.  Those ratios depend on factor endowments.  If the factors can leave, they do not...

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Roberts Again Replies to Boudreaux

Blog01/18/2004

When Boudreaux writes that comparative advantage does not result from different countries having different internal cost ratios or different opportunity costs of producing one good in terms of another, he puts himself at odds with...

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