Ricardo@200 – International Trade Theory in Turbulent Times
In cooperation with the Chamber of Commerce and Industry of Munich and Upper Bavaria and the Committee on International Trade Theory and Policy of the Verein für Socialpolitik, the Ifo Institute is organising a conference in honour of David Ricardo, one of the founding fathers of modern economics.
Time: Friday, 5 May 2017, 8.30 a.m.- 2.00 p.m.
Place: IHK Akademie Munich, Forum (B 001), Orleansstr. 10–12, 81669 Munich
Two hundred years ago one of the founding fathers of modern economics, David Ricardo, presented the theory of comparative advantage in his book: “Principles of Political Economy and Taxation”. According to this theory, all countries benefit from breaking down trade barriers, even those who are at an absolute productivity disadvantage compared to their trade partners.
Ricardo’s insight lays the intellectual foundation for the gradual market-opening that has bought significant prosperity gains since the Second World War. Today, however, many politicians seem to have forgotten Ricardo’s lessons.
Our conference Ricardo@200 will review the historical debate over import duties in England and demonstrate Ricardo’s influence on the current economic policy debate. Renowned international trade researchers from the USA, England and Europe will present their views on these issues.
The number of places is limited and the conference will be held in English. The panel discussion will take place in German and will be accompanied by a simultaneous translation service.
Registration for the Ricardo@200 conference on 5 May 2017. read on Registration for the Ricardo@200 conference