The theory of comparative advantage was first proposed by
A) Adam Smith
B) David Ricardo
C) J.M. Keynes
D) Paul Krugman

Question

Quizplus · Accepted Answer

The theory of comparative advantage was first proposed by David Ricardo in his book "On the Principles of Political Economy and Taxation" in 1817. Adam Smith did propose the concept of absolute advantage, but it was Ricardo who developed the theory of comparative advantage. J.M. Keynes and Paul Krugman are both famous economists, but they did not propose the theory of comparative advantage.

The Theory of Comparative Advantage Was First Proposed by