Samuelson, Paul A. - In: Journal of Economic Literature 39 (2001) 4, pp. 1204-1214
Here is how the 1817 Ricardo comparative advantage trade benefit analysis has to be modified to take account of post-1960 Sraffian benefits from capital-using technologies. By bringing J. S. Mill's demand model up to date in terms of its implicit geometric-mean money-metric utility, specific...