In this excerpt, Moss illuminates David Ricardo's theory of comparative advantage.

Comparative Advantage & Economies of Scale. Part of the series: Finances & Analysis. Comparative advantage and economies of scale will determine if someone is successful within an industry.

Countries that specialize in what they do best – Swiss watches, Italian pasta, Mexican TVs – are classic examples of comparative advantage, a foundational concept in international economics ...

To return again to that subject exercising so many of our finest economic minds at present. What happens when the robots get good enough to come and steal all our jobs? There's various possible ...

This paper examines the changing comparative advantage of Japan and the United States. Indices of ``revealed'' comparative advantage have been derived for 57 primary and 167 manufactured product ...

Thanks to oil prices that have reached record levels, proponents of increased exploration in the United States have gained an upper hand in the debate over whether to drill in previously untapped ...

These reallocations generate substantial job turnover in all sectors, spur relatively more creative destruction in comparative advantage industries than in comparative disadvantage industries, and ...

In textbook economics, trade is a win-win: Two countries trade freely based on comparative advantage and share the resulting gains, improving welfare in both countries. America’s trade with ...

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