Its main concern was to explain inter-industry trade. The idea goes back at least 200 years to David Ricardo who created the basis of trade theory in economics over the next two centuries.

What set the China shock apart wasn’t that it was uniquely costly — the idea that trade has winners and losers was recognized by the economist David Ricardo in the early 19th century.

We’re all free market purists now. Today’s airwaves are full of people reminding us that David Ricardo was right and that President Trump’s tariffs will boost inflation, increase costs, and hit global ...

The plaque that honours David Ricardo in Bloomsbury seems almost designed to be walked past unnoticed. The nearby statue of his fellow free-trader Richard Cobden has become a popular latrine with ...