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...

An inherent affinity exits between the evolutionary interpretation of the invisible hand and the science of complexity. The evolutionary interpretation regards the market economy as an adaptive, self-organizing, and evolving process while the science of complexity studies the endogenous...

Books reviewed in this article: S. N. Afriat - The Market. Equilibrium, Stability, Mythology. Hazel Bateman, Geoffrey Kingston and John Piggott - Forced Saving: Mandating Private Retirement Incomes. Jagdish Bhagwati (ed.) - Going Alone - The Case for Relaxed Reciprocity in Freeing Trade. Boeri...

Books reviewed: Bhagwati, Jagdish The Winds of the Hundred Days Costanza, Robert, John Cumberland, Herman Daly, Robert Goodland und Richard Norgaard Einfuhrung in die Okologische Okonomik Fogel, Robert William The Fourth Great Awakening and the Future of Egalitarianism Frey, Bruno S. Inspiring...

Books reviewed: Jagdish Bhagwati, Free Trade Today Michael Carlberg, An Economic Analysis of Monetary Union Carl, Chiarella, Peter Flaschel, Gangolf Groh und Willi Semmler, Disequilibrium, Growth and Labor Market Dynamics Badly Condon, NAFTA, WTO and Global Business Strategy Paul De Grauwe...

This paper puts recent work on the benefits of variety into the context of a more complete quantitative analysis of the Dixit-Stiglitz-Krugman model of monopolistic competition. We show how the gains from globalization are reflected in the increase in variety and the exploitation of economies of...