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71 relations: Absolute advantage, Adam Smith, Agent (economics), Alan Deardorff, Autarky, Avinash Dixit, Barbara J. Spencer, Blockade of the Gaza Strip, Bureau of Labor Statistics, Cecil Woodham-Smith, Comparative advantage, Competitive advantage, Cost-of-production theory of value, Daniel Bernhofen, David Ricardo, Development economics, Economic model, Economic nationalism, Empirical evidence, England, Factor endowment, Free market, Free trade, Gains from trade, General equilibrium theory, Goods, Gottfried Haberler, Greg Mankiw, Heckscher–Ohlin model, Import substitution industrialization, Infant industry, International trade, Intra-industry trade, James Brander, James K. Galbraith, Journal of Economic Perspectives, Keynesian beauty contest, Keynesian economics, Labor mobility, Marginal cost, Meiji Restoration, Mercantilism, Neoclassical economics, Neoliberalism, New trade theory, On the Principles of Political Economy and Taxation, Opportunity cost, Paul Krugman, Portugal, Prebisch–Singer hypothesis, ..., Presidency of Ronald Reagan, Prime (symbol), Production–possibility frontier, Project Socrates, Resource curse, Returns to scale, Revealed comparative advantage, Robert Torrens (economist), Sir Charles Trevelyan, 1st Baronet, Technical progress (economics), Textile, The American Economic Review, The Great Hunger: Ireland 1845-1849, The New Palgrave Dictionary of Economics, The Wealth of Nations, Ulysses S. Grant, Victor D. Norman, William Whewell, Wine, Workforce productivity, World economy. Expand index (21 more) »
Absolute advantage
In economics, the principle of absolute advantage refers to the ability of a party (an individual, or firm, or country) to produce a greater quantity of a good, product, or service than competitors, using the same amount of resources.
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Adam Smith
Adam Smith (16 June 1723 NS (5 June 1723 OS) – 17 July 1790) was a Scottish economist, philosopher and author as well as a moral philosopher, a pioneer of political economy and a key figure during the Scottish Enlightenment era.
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Agent (economics)
In economics, an agent is an actor and more specifically a decision maker in a model of some aspect of the economy.
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Alan Deardorff
Alan V. Deardorff (born 1944) is the John W. Sweetland Professor of International Economics and a Professor of Economics and Public Policy at the University of Michigan Gerald R. Ford School of Public Policy, Ann Arbor.
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Autarky
Autarky is the quality of being self-sufficient.
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Avinash Dixit
Avinash Kamalakar Dixit (born August 6, 1944, in Bombay, India) is an Indian-American economist.
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Barbara J. Spencer
Barbara J. Spencer is an Australian-Canadian economist.
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Blockade of the Gaza Strip
The blockade of the Gaza Strip is the ongoing land, air, and sea blockade of the Gaza Strip imposed by Israel and Egypt since 2007.
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Bureau of Labor Statistics
The Bureau of Labor Statistics (BLS) is a unit of the United States Department of Labor.
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Cecil Woodham-Smith
Cecil Blanche Woodham-Smith (née Fitzgerald) (29 April 1896 – 16 March 1977) was a British historian and biographer.
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Comparative advantage
The law or principle of comparative advantage holds that under free trade, an agent will produce more of and consume less of a good for which they have a comparative advantage.
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Competitive advantage
In business, a competitive advantage is the attribute that allows an organization to outperform its competitors.
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Cost-of-production theory of value
In economics, the cost-of-production theory of value is the theory that the price of an object or condition is determined by the sum of the cost of the resources that went into making it.
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Daniel Bernhofen
Daniel Bernhofen is a professor of international economics in the School of International Service at American University.
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David Ricardo
David Ricardo (18 April 1772 – 11 September 1823) was a British political economist, one of the most influential of the classical economists along with Thomas Malthus, Adam Smith and James Mill.
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Development economics
Development economics is a branch of economics which deals with economic aspects of the development process in low income countries.
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Economic model
In economics, a model is a theoretical construct representing economic processes by a set of variables and a set of logical and/or quantitative relationships between them.
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Economic nationalism
Economic nationalism, or economic patriotism, refers to an ideology that favors state interventionism in the economy, with policies that emphasize domestic control of the economy, labor, and capital formation, even if this requires the imposition of tariffs and other restrictions on the movement of labor, goods and capital.
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Empirical evidence
Empirical evidence, also known as sensory experience, is the information received by means of the senses, particularly by observation and documentation of patterns and behavior through experimentation.
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England
England is a country that is part of the United Kingdom.
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Factor endowment
In economics a country's factor endowment is commonly understood as the amount of land, labor, capital, and entrepreneurship that a country possesses and can exploit for manufacturing.
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Free market
In economics, a free market is an idealized system in which the prices for goods and services are determined by the open market and consumers, in which the laws and forces of supply and demand are free from any intervention by a government, price-setting monopoly, or other authority.
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Free trade
Free trade is a free market policy followed by some international markets in which countries' governments do not restrict imports from, or exports to, other countries.
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Gains from trade
In economics, gains from trade are the net benefits to economic agents from being allowed an increase in voluntary trading with each other.
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General equilibrium theory
In economics, general equilibrium theory attempts to explain the behavior of supply, demand, and prices in a whole economy with several or many interacting markets, by seeking to prove that the interaction of demand and supply will result in an overall general equilibrium.
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Goods
In economics, goods are materials that satisfy human wants and provide utility, for example, to a consumer making a purchase of a satisfying product.
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Gottfried Haberler
Gottfried von Haberler (July 20, 1900 – May 6, 1995) was an Austrian-American economist.
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Greg Mankiw
Nicholas Gregory Mankiw (born February 3, 1958) is an American macroeconomist and the Robert M. Beren Professor of Economics at Harvard University.
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Heckscher–Ohlin model
The Heckscher–Ohlin model (H–O model) is a general equilibrium mathematical model of international trade, developed by Eli Heckscher and Bertil Ohlin at the Stockholm School of Economics.
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Import substitution industrialization
Import substitution industrialization (ISI) is a trade and economic policy which advocates replacing foreign imports with domestic production.
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Infant industry
In economics, an infant industry is a new industry, which in its early stages experiences relative difficulty or is absolutely incapable in competing with established competitors abroad.
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International trade
International trade is the exchange of capital, goods, and services across international borders or territories.
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Intra-industry trade
Intra-industry trade refers to the exchange of similar products belonging to the same industry.
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James Brander
James Alan Brander (born 1953) is a Canadian economist and a professor of Asia-Pacific International Trade, University of British Columbia.
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James K. Galbraith
James Kenneth Galbraith (born January 29, 1952) is an American economist who writes frequently for the popular press on economic topics.
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Journal of Economic Perspectives
The Journal of Economic Perspectives (JEP) is an economic journal published by the American Economic Association.
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Keynesian beauty contest
A Keynesian beauty contest is a concept developed by John Maynard Keynes and introduced in Chapter 12 of his work, The General Theory of Employment, Interest and Money (1936), to explain price fluctuations in equity markets.
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Keynesian economics
Keynesian economics (sometimes called Keynesianism) are the various macroeconomic theories about how in the short run – and especially during recessions – economic output is strongly influenced by aggregate demand (total demand in the economy).
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Labor mobility
Labor or worker mobility is the geographical and occupational movement of workers.
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Marginal cost
In economics, marginal cost is the change in the opportunity cost that arises when the quantity produced is incremented by one unit, that is, it is the cost of producing one more unit of a good.
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Meiji Restoration
The, also known as the Meiji Ishin, Renovation, Revolution, Reform, or Renewal, was an event that restored practical imperial rule to the Empire of Japan in 1868 under Emperor Meiji.
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Mercantilism
Mercantilism is a national economic policy designed to maximize the trade of a nation and, historically, to maximize the accumulation of gold and silver (as well as crops).
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Neoclassical economics
Neoclassical economics is an approach to economics focusing on the determination of goods, outputs, and income distributions in markets through supply and demand.
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Neoliberalism
Neoliberalism or neo-liberalism refers primarily to the 20th-century resurgence of 19th-century ideas associated with laissez-faire economic liberalism.
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New trade theory
New trade theory (NTT) is a collection of economic models in international trade which focuses on the role of increasing returns to scale and network effects, which were developed in the late 1970s and early 1980s.
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On the Principles of Political Economy and Taxation
On the Principles of Political Economy and Taxation (19 April 1817) is a book by David Ricardo on economics.
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Opportunity cost
In microeconomic theory, the opportunity cost, also known as alternative cost, is the value (not a benefit) of the choice in terms of the best alternative while making a decision.
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Paul Krugman
Paul Robin Krugman (born February 28, 1953) is an American economist who is currently Distinguished Professor of Economics at the Graduate Center of the City University of New York, and a columnist for The New York Times.
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Portugal
Portugal, officially the Portuguese Republic (República Portuguesa),In recognized minority languages of Portugal: Portugal is the oldest state in the Iberian Peninsula and one of the oldest in Europe, its territory having been continuously settled, invaded and fought over since prehistoric times.
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Prebisch–Singer hypothesis
In economics, the Prebisch–Singer hypothesis (also called the Prebisch–Singer thesis) argues that the price of primary commodities declines relative to the price of manufactured goods over the long term, which causes the terms of trade of primary-product-based economies to deteriorate.
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Presidency of Ronald Reagan
The presidency of Ronald Reagan began at noon EST on January 20, 1981, when Ronald Reagan was inaugurated as 40th President of the United States, and ended on January 20, 1989.
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Prime (symbol)
The prime symbol (′), double prime symbol (&Prime), triple prime symbol (‴), quadruple prime symbol (⁗) etc., are used to designate units and for other purposes in mathematics, the sciences, linguistics and music.
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Production–possibility frontier
A production–possibility frontier (PPF) or production possibility curve (PPC) is the possible tradeoff of producing combinations of goods with constant technology and resources per unit time.
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Project Socrates
Project Socrates was a classified U.S. Defense Intelligence Agency program established in 1983 within the Reagan administration.
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Resource curse
The resource curse, also known as the paradox of plenty, refers to the paradox that countries with an abundance of natural resources (like fossil fuels and certain minerals), tend to have less economic growth, less democracy, and worse development outcomes than countries with fewer natural resources.
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Returns to scale
In economics, returns to scale and economies of scale are related but different terms that describe what happens as the scale of production increases in the long run, when all input levels including physical capital usage are variable (chosen by the firm).
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Revealed comparative advantage
The revealed comparative advantage is an index used in international economics for calculating the relative advantage or disadvantage of a certain country in a certain class of goods or services as evidenced by trade flows.
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Robert Torrens (economist)
Colonel Robert Torrens (1780 in Hervey Hill, Derry – 27 May 1864 in London) was a Royal Marines officer, political economist, MP, owner of the influential Globe newspaper and prolific writer.
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Sir Charles Trevelyan, 1st Baronet
Sir Charles Edward Trevelyan, 1st Baronet, (2 April 1807 – 19 June 1886) was a British civil servant and colonial administrator.
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Technical progress (economics)
Technical progress (or technological progress) is an economic measure of innovation.
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Textile
A textile is a flexible material consisting of a network of natural or artificial fibres (yarn or thread).
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The American Economic Review
The American Economic Review is a peer-reviewed academic journal of economics.
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The Great Hunger: Ireland 1845-1849
The Great Hunger is a 1962 book about the Great Famine in Ireland in 1845–1849 by British historian Cecil Woodham-Smith.
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The New Palgrave Dictionary of Economics
The New Palgrave Dictionary of Economics (2008), 2nd ed., is an eight-volume reference work on economics, edited by Steven N. Durlauf and Lawrence E. Blume and published by Palgrave Macmillan.
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The Wealth of Nations
An Inquiry into the Nature and Causes of the Wealth of Nations, generally referred to by its shortened title The Wealth of Nations, is the magnum opus of the Scottish economist and moral philosopher Adam Smith.
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Ulysses S. Grant
Ulysses Simpson Grant (born Hiram Ulysses Grant; April 27, 1822 – July 23, 1885) was an American soldier and statesman who served as Commanding General of the Army and the 18th President of the United States, the highest positions in the military and the government of the United States.
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Victor D. Norman
Victor Danielsen Norman (born 18 July 1946 in Risør) is a Norwegian economist, politician for the Conservative Party and newspaper columnist.
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William Whewell
William Whewell (24 May 1794 – 6 March 1866) was an English polymath, scientist, Anglican priest, philosopher, theologian, and historian of science.
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Wine
Wine is an alcoholic beverage made from grapes fermented without the addition of sugars, acids, enzymes, water, or other nutrients.
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Workforce productivity
Workforce productivity is the amount of goods and services that a worker produces in a given amount of time.
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World economy
The world economy or global economy is the economy of the world, considered as the international exchange of goods and services that is expressed in monetary units of account (money).
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Comparative Advantage, Comparative advantages, Comparative benefits, Comparative disadvantage, Comparitive advantage, Economic advantage, Economic advantages, Law of comparative advantage, Principle of comparative advantage, Ricardian model, Ricardo's Law, Ricardo's law, Ricardo's law of comparative advantage, Ricardo's theorem, Ricardos law of comparative advantage, Theory of comparative advantage.
References
[1] https://en.wikipedia.org/wiki/Comparative_advantage
