A comparative advantage can be something inherent, in the way a person’s height might make them better at basketball. It can also be developed and improved, the way one basketball player can become ...

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.

Mary Hall is a editor for Investopedia's Advisor Insights, in addition to being the editor of several books and doctoral papers. Mary received her bachelor's in English from Kent State University with ...

Let’s say for now that the day comes when robots and artificial intelligence can outperform human beings at every conceivable job, from waxing floors to waxing eyebrows to waxing philosophical at a ...

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 ...

Exercising a Comparative Advantage: Economic Consultants and Pro Bono Work This article describes the role economic consultants can play in pro bono matters, creating meaningful opportunities for ...

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 ...

Once again, the Supreme Court torpedoed my plan to write about its tariff decision by not making one, and it now appears that the column will have to wait until February. Meanwhile, tariff payments ...