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Paul Craig Roberts

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Drewnowski's Economic Theory of Socialism

Papers of InterestJuly 20, 2005
" 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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Free Trade: The Current Debate

Audio/VideoApril 17, 2004
Paul Craig Roberts debates Free Trade at the Austrian Scholars Conference, 2004.

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Clarifications on the Case for Free Trade

Mises DailyJanuary 10, 2004
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

BlogJanuary 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

BlogJanuary 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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