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  • 1 min

David Ricardo and the Comparative Advantage – Happy anniversary

  • 21 April 2017
  • Philippe Waechter
  • Comparative Advantage
  • David Ricardo
  • International Trade
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On April the 19th, 1817 David Ricardo published his famous book “On the Principles of Political Economy and Taxation” in which he developed his theory of the comparative advantage. This theory has creates the foundation of the theory of the international trade.
Douglas Irwin, Professor at Dartmouth College, has written a short note on this 200th anniversary.
You can read the note here

Related Topics
  • Comparative Advantage
  • David Ricardo
  • International Trade
On the same topic
  • 4 min

Long-lasting shock on the world economy My weekly column

  • 11 April 2019
  • Euro Area

Philippe Waechter

Concerns and uncertainties on world economic activity having been gathering pace since the fall. The swift decline in world trade reflects this change in pace, moving into the red with…
  • Eurozone
  • Investment
  • Negative Shock
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  • 1 min

Huawei vs America

  • 19 March 2019
  • World Economy

Philippe Waechter

Look at this map. Who then can expect a trade deal between China and the USl The real question is about techno leadership? Huawei has a step ahead of the…
  • China
  • Huawei
  • Industrial Production
  • New Technologies
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  • 1 min

The 2 pages Macro

  • 18 March 2019
  • Macroeconomics

Philippe Waechter

This short document (2 pages) is a synthesis of my macroeconomic views. One page of explanation and one page of graphs – The 2 pages Macro – 15 March 2019
  • China
  • ECB
  • Euro Area
  • Fiscal Policy
  • Monetary Policy
  • Policy Mix
  • USA
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