The Heckscher-Ohlin model uses one concept attributed to him as the basis for prediction of international trade relationships.
The Heckscher-Ohlin model uses one concept attributed to him as the basis for prediction of international trade relationships. The statement that demand reacts similarly whether governments increase debt or taxes is an equivalence often named for this man and Barro. He argued for the use of gold rather than paper money in The (*) High Price of Bullion, and explained his theory of rent in his most famous work. He argued that raising grain tariffs aided the aristocracy but not the lower classes, forming the basis of his opposition to the Corn Laws. For 10 points, name this economist who wrote Principles of Political Economy and Taxation and introduced the idea of comparative advantage.
The Heckscher-Ohlin model uses one concept attributed to him as the basis for prediction of international trade relationships.
David {Ricardo}