As duas vias do princípio das vantagens comparativas comparativas de David Ricardo e o padrão-ouro : um ensaio crítico
By: GONTIJO, Cláudio
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ArticlePublisher: São Paulo : Editora 34, jul. /set. 2007Revista de Economia Política = Brazilian Journal of Political Economy 27, 3 , p. 413-430Abstract: The two ways of Ricardos principle of comparative advantages and the gold standard: a critical essay. This article critically resumes Ricardos principle of comparative advantages pointing out internal coherence problems that have been neglected by the specialized literature. First, long-lasting disequilibria observed in the balance of trade seem incompatible with the idea that these disequilibria are caused by technical advances that change relative prices. Second, comparative advantages do not seem to work in an economy with a universally accepted commodity-money. Finally, the contradiction between the gold standard mechanisms, ruled by Smiths Law of Reflux, and the quantitative theory of money, which is a necessary condition for the second way of the theory of comparative advantages
The two ways of Ricardos principle of comparative advantages and the gold standard: a critical essay. This article critically resumes Ricardos principle of comparative advantages pointing out internal coherence problems that have been neglected by the specialized literature. First, long-lasting disequilibria observed in the balance of trade seem incompatible with the idea that these disequilibria are caused by technical advances that change relative prices. Second, comparative advantages do not seem to work in an economy with a universally accepted commodity-money. Finally, the contradiction between the gold standard mechanisms, ruled by Smiths Law of Reflux, and the quantitative theory of money, which is a necessary condition for the second way of the theory of comparative advantages
v. 27 n. 3 (107)
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