David Ricardo, a Scottish economist, made a perceptive observation that a few individuals, firms, or countries can gain from trading, even if one of them is objectively the best in all activities.

Martin Richardson does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond ...

When we stroll down the aisles of our local supermarket, pause to browse electronics, or flip through streaming services at home, we seldom stop to think about how seamlessly international cultures ...

According to the general consensus in academia, Ricardo’s theory of international trade embodies the theory of comparative advantage. The principle of comparative advantage he proposed, based on the ...

What’s on your to-do list today? The answer, especially if you’re a CEO, is probably “more than I can possibly get done.” There’s an entire time-management industry that seeks to help people at all ...

As calls grow for Beijing to embrace digital currencies, e-payment giants seen as aiding yuan's global push China already has de facto stablecoins in the form of WeChat Pay and Alipay, a top economist ...