Re: Smith & Ricardo v. 'neo-classical' economists

[Jay Hecht]

In a message dated 98-03-08 02:52:45 EST, you write:

<< 
 3) Where does Ricardo point out that particularly mobile capital can undo
 his whole thesis of comparative advantage?
  >>
Page 155, "On Foreign Trade," in Principles Pelican Books (1971)

Ricardo notes how capital flight will only be curtailed by the "natural
disinclination which every man has to quit the country of his birth" and will
accept a lowere rate of return for patriotic sentiments.

jason