An example of one theory that does not work isDavid Ricardo'stheory. His case forfree tradewas based oncomparative advantage. It is based on some countries can produce tradable goods at a lower cost than the other country. He used as an example wine and wool--wool is cheaper in England ...
About me: I am a walker, cyclist, e-cyclist, e-tricyclist, motorcyclist (with a lot of international experience) car driver, bus rider, plane passenger and occasional train rider. I live in downtown Auckland and walk or ecycle to work, and ecycle, motorcycle and fly to meetings. Post...