“I profess to have made no discovery”. James Mill on comparative advantage
Bibliographic Data
| ID | 21604657 |
|---|---|
| Authors | Gilbert Faccarello (Panthéon-Assas University, Paris, France, corresponding author) |
| Year | 2022 |
| Volume | 29 |
| Issue | 1 |
| Pages | 61-81 |
| Publication date | 2022-01-02 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | European Journal of the History of Economic Thought (JOURNAL) |
| Journal identifiers | ISSN: 0967-2567 • E-ISSN: 1469-5936 |
| Publisher | Informa UK Limited (PUBLISHER • GB) |
| DOI | 10.1080/09672567.2021.1912130 |
| OpenAlex | W3168977082 |
| Language | EN |
| Citations received | 2 |
| References cited | 15 |
During recent decades, David Ricardo’s ideas on international trade have been submitted to new scrutiny. This research has led to a new understanding of the so-called ‘principle of comparative advantage’ and shown that the alleged ‘Ricardian’ model of foreign trade is based on a misunderstanding of Ricardo’s text. The present paper focuses on the role of James Mill in the creation of the Ricardian vulgate. It shows how the evolution of Mill’s thought, in part due to a didactic perspective and some difficulties raised by his numerical examples, distorted Ricardo’s approach. In Mill we find all the ingredients of what is called the ‘Ricardian’ model of foreign trade, substituting an ex-ante perspective for Ricardo’s ex-post approach
Comparative advantage · Economics · Epistemology · Ex-ante · Keynesian economics · Law and economics · Mathematical economics · Mill · Neoclassical economics · Positive economics · Scrutiny · Theology · Computer Science · Economic Theory and Institutions · Economic Theory and Policy · History · Philosophy · Political Economy and Marxism · Artificial Intelligence
The Works and Correspondence of David Ricardo (The works and correspondence of David Ricardo)
A calm investigation into Mr Ricardo's principles of international trade
The true meaning of David Ricardo’s four magic numbers
Essays on Some Unsettled Questions of Political Economy (1844)
David Ricardo's Discovery of Comparative Advantage
Debunking a Myth
James Mill and the Early Development of Comparative Advantage
| Unique citing works | 2 |
|---|---|
| Citations per year | 1 |
| Citation span | 2024 - 2025 (2) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 2 |