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"Though one of the pillars of the theory of international trade, the extreme predictions of the Ricardian model have made it unsuitable for empirical purposes. A seminal contribution of Eaton and Kortum (2002) is to demonstrate that random productivity shocks are sufficient to make the Ricardian...
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In an influential paper entitled David Ricardo's Discovery of Comparative Advantageʺ, which was published in HOPE (Vol. 34, 2002), Roy J. Ruffin attempted to reconstruct the circumstances of Ricardo's discovery of the law of comparative advantage. Ruffin's article has inspired a number of...
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