On some “New” interpretations of Ricardo’s Precept of comparative benefits
Sergio Parrinello of Sapienza College of Rome discusses new interpretations of Ricardo’s Comparative Benefit thought:
Totally different theories of worldwide commerce have originated from Chapter VII “On Overseas Commerce” of Ricardo’s Rules and significantly from the interpretation of his numerical instance of the beneficial properties from commerce. On this paper a comparatively new interpretation of such instance and the ensuing implications will likely be assessed within the gentle of Sraffa’s writings (1930, 1951) and of the so-called Neo-Ricardian strategy utilized to the idea of overseas commerce. Particularly, it will likely be reconsidered: i) the analogy between the selection of worldwide specialization and the selection of strategies; ii) the circumstances beneath which absolute value benefits could prevail over comparative benefits and have an effect on the sample of worldwide commerce and the delocalization of the nationwide industries.
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