Explore how comparative advantage affects trade, contrasts with absolute advantage, and guides nations in maximizing economic benefits through specialized production.

Forbes contributors publish independent expert analyses and insights. Sarah Williamson covers capital markets and long-term strategies. In a competitive marketplace, businesses need to know their ...

This article is a wonky edition of Paul Krugman’s free newsletter. You can sign up here to receive it. For many of us, Chad Bown of the Peterson Institute for International Economics — a boutique ...