{"id":52058,"date":"2026-03-23T08:53:47","date_gmt":"2026-03-23T08:53:47","guid":{"rendered":"http:\/\/shop.verlag.uni-potsdam.de\/produkt\/schumacher-free-trade-and-absolute-and-comparative-advantage\/"},"modified":"2026-03-23T11:54:47","modified_gmt":"2026-03-23T10:54:47","slug":"free-trade-and-absolute-and-comparative-advantage","status":"publish","type":"product","link":"https:\/\/shop.verlag.uni-potsdam.de\/en\/shop\/free-trade-and-absolute-and-comparative-advantage\/","title":{"rendered":"Free trade and absolute and comparative advantage"},"content":{"rendered":"<p>This thesis deals with two theories of international trade: the theory of comparative advantage, which is connected to the name David Ricardo and is dominating current trade theory, and Adam Smith\u2019s theory of absolute advantage. Both theories are compared and their assumptions are scrutinised. The former theory is rejected on theoretical and empirical grounds in favour of the latter. On the basis of the theory of absolute advantage, developments of free international trade are examined, whereby the focus is on trade between industrial and underdeveloped countries. The main conclusions are that trade patterns are determined by absolute production cost advantages and that the gap between developed and poor countries is not reduced but rather increased by free trade.<\/p>","protected":false},"excerpt":{"rendered":"<p>This thesis deals with two theories of international trade: the theory of comparative advantage, which is connected to the name David Ricardo and is dominating current trade theory, and Adam Smith\u2019s theory of absolute advantage. Both theories are compared and their assumptions are scrutinised. The former theory is rejected on theoretical and empirical grounds in favour of the latter. On the basis of the theory of absolute advantage, developments of free international trade are examined, whereby the focus is on trade between industrial and underdeveloped countries. The main conclusions are that trade patterns are determined by absolute production cost advantages and that the gap between developed and poor countries is not reduced but rather increased by free trade.<\/p>\n","protected":false},"featured_media":54020,"template":"","meta":{"_acf_changed":false},"product_brand":[],"product_cat":[6223],"product_tag":[5162],"class_list":{"0":"post-52058","1":"product","2":"type-product","3":"status-publish","4":"has-post-thumbnail","6":"product_cat-politikwissenschaft-web-kategorie","7":"product_tag-absolute-advantage-adam-smith-comparative-advantage-international-trade","8":"autor-reinhard-schumacher","9":"edition-restexemplare","11":"first","12":"instock","13":"shipping-taxable","14":"purchasable","15":"product-type-simple"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.1.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Free trade and absolute and comparative advantage - Universit\u00e4tsverlag Potsdam<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/shop.verlag.uni-potsdam.de\/en\/shop\/free-trade-and-absolute-and-comparative-advantage\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Free trade and absolute and comparative advantage - Universit\u00e4tsverlag Potsdam\" \/>\n<meta property=\"og:description\" content=\"This thesis deals with two theories of international trade: the theory of comparative advantage, which is connected to the name David Ricardo and is dominating current trade theory, and Adam Smith\u2019s theory of absolute advantage. Both theories are compared and their assumptions are scrutinised. The former theory is rejected on theoretical and empirical grounds in favour of the latter. On the basis of the theory of absolute advantage, developments of free international trade are examined, whereby the focus is on trade between industrial and underdeveloped countries. The main conclusions are that trade patterns are determined by absolute production cost advantages and that the gap between developed and poor countries is not reduced but rather increased by free trade.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/shop.verlag.uni-potsdam.de\/en\/shop\/free-trade-and-absolute-and-comparative-advantage\/\" \/>\n<meta property=\"og:site_name\" content=\"Universit\u00e4tsverlag Potsdam\" \/>\n<meta property=\"article:modified_time\" content=\"2026-03-23T10:54:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/shop.verlag.uni-potsdam.de\/wp-content\/uploads\/asolmerce\/image-9783869561950.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"448\" \/>\n\t<meta property=\"og:image:height\" content=\"640\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/shop.verlag.uni-potsdam.de\/en\/shop\/free-trade-and-absolute-and-comparative-advantage\/\",\"url\":\"https:\/\/shop.verlag.uni-potsdam.de\/en\/shop\/free-trade-and-absolute-and-comparative-advantage\/\",\"name\":\"Free trade and absolute and comparative advantage - 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