Alan Deardorff Explained

Alan V. Deardorff (born 1944) is the John W. Sweetland Professor of International Economics and a Professor of Economics and Public Policy at the University of Michigan Gerald R. Ford School of Public Policy, Ann Arbor.[1] Deardorff received his Ph.D. in Economics from Cornell University in 1971.

Deardorff is the author of Deardorffs' Glossary of International Economics, as well as the Family Tree of Trade Economists. He has undertaken work on David Ricardo's theory of comparative advantage, arguing that "the law of comparative advantage breaks down when applied to individual commodities or pairs of commodities in a many-commodity world", but stating that "that the law is nonetheless valid if restated in terms of averages across all commodities".[2]

Current Affiliations

External links

Notes and References

  1. https://lsa.umich.edu/econ/people/faculty/alandear.html Alan V. Deardorff
  2. Deardorff, A. V., The General Validity of the Law of Comparative Advantage, The Journal of Political Economy, Volume 88, No. 5 (Oct., 1980), pp. 941-957