Which economist developed international trade theory in 1817 based on comparative advantage and specialisation?
1) Paul Krugman
2) Gary Becker
3) Milton Friedman
4) David Picardo
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economist David Ricardo
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The law of comparative advantage is popularly attributed to English political economist David Ricardo and his book “On the Principles of Political Economy and Taxation” written in 1817, although it is likely that Ricardo's mentor, James Mill, originated the analysis.
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