Was Ricardo's Comparative Advantage Really Different From What Adam Smith Said About Foreign Trade?
In response to Murphy's recent article on comparative advantage, economist Jorge Morales Meoqui objected that Murphy was continuing the same erroneous story about Adam Smith vs. David Ricardo. In this episode, Murphy clarifies what is right and wrong in Meoqui's own paper on the topic.
Jorge Morales Meoqui's Article on Comparative Advantage: Mises.org/HAP471a
The Bob Murphy Show, Episode 352 on Comparative Advantage: Mises.org/HAP471b
Bob's Article, "The Beauty and Importance of Comparative Advantage": Mises.org/HAP471c
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