The point Mr. Boudreaux is that comparative advantage depends on the differing internal opportunity costs of producing tradable goods. Those ratios depend on factor endowments. If the factors can...
When Boudreaux writes that comparative advantage does not result from different countries having different internal cost ratios or different opportunity costs of producing one good in terms of another...
Paul Craig Roberts debates Free Trade at the 2004 Austrian Scholars Conference.
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.
