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| David Ricardo |
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The Ricardian Law of Association, by Ludwig von Mises, Human Action, 1949
Chapter 8, section 4 |
Is Free Trade Obsolete? Part 1, by Sheldon Richman, Freedom Daily, Apr 2004
Related Topics: Free Trade, Paul Craig Roberts
"... trade makes them both better off .... The people of a country will not find it to their interest to make everything they want, because to do so they would have to divert resources from activities in which they have a greater advantage." |
Is Free Trade Obsolete? Part 2, by Sheldon Richman, Freedom Daily, May 2004
Related Topics: Free Trade, Paul Craig Roberts
"Americans now face new competition in lines of work that were formerly sheltered ... by foreign tyranny. ... Americans can ... arrogantly claim that high-tech jobs belong to Americans, and lobby for protectionism ... Or they can lobby for an end to the mixed economy that holds down investment and wealth creation." |
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Mises: Defender of Freedom, by George Reisman, Mises.org Daily Article, 29 Sep 2006
Related Topics: Ludwig von Mises, Capitalism, Farming, Socialism
"In a major elaboration of Ricardo's Law of Comparative Advantage ... Mises showed that a harmony of interests prevails in this case, too. For the existence of the janitor enables more talented people to devote their time to more demanding tasks, while their existence enables him to obtain goods and services that would otherwise be altogether impossible for him to obtain." |
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