Alan V. Deardorff (born 1944) is the John W. Sweetland Professor of International Economics and a Professor of

Economics Economics () is the social science that studies the production, distribution, and consumption of goods and services. Economics focuses on the behaviour and interactions of economic agents and how economies work. Microeconomics anal ...

and Public Policy at the

University of Michigan , mottoeng = "Arts, Knowledge, Truth" , former_names = Catholepistemiad, or University of Michigania (1817–1821) , budget = $10.3 billion (2021) , endowment = $17 billion (2021)As o ...

Gerald R. Ford School of Public Policy,

Ann Arbor Anne, alternatively spelled Ann, is a form of the Latin female given name Anna. This in turn is a representation of the Hebrew Hannah, which means 'favour' or 'grace'. Related names include Annie. Anne is sometimes used as a male name in the ...

.Alan V. Deardorff

, Department of Economics, Faculty Deardorff received his Ph.D. in Economics from

Cornell University Cornell University is a private statutory land-grant research university based in Ithaca, New York. It is a member of the Ivy League. Founded in 1865 by Ezra Cornell and Andrew Dickson White, Cornell was founded with the intention to tea ...

in 1971. Deardorff is the author o
Deardorffs' Glossary of International Economics
as well as th
Family Tree of Trade Economists
He has undertaken work on

David Ricardo David Ricardo (18 April 1772 – 11 September 1823) was a British political economist. He was one of the most influential of the classical economists along with Thomas Malthus, Adam Smith and James Mill. Ricardo was also a politician, and a ...

's theory of

comparative advantage In an economic model, agents have a comparative advantage over others in producing a particular good if they can produce that good at a lower relative opportunity cost or autarky price, i.e. at a lower relative marginal cost prior to trade. C ...

, arguing that "the law of comparative advantage breaks down when applied to individual

commodities In economics, a commodity is an economic good, usually a resource, that has full or substantial fungibility: that is, the market treats instances of the good as equivalent or nearly so with no regard to who produced them. The price of a co ...

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".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

Current Affiliations

*External Fellow
Leverhulme Centre for Research on Globalisation and Economic Policy
University of Nottingham. *Faculty Associate
William Davidson Institute
University of Michigan *International Research Fellow
Kiel Institute of World Economics
*Member, Academic Council, VRCenter DEGIT, Institute for World Economics, Kiel University *Member
American Economic Association
*Member, Board of Editors
North American Journal of Economics and Finance
*Member, Editorial Advisory Board

*Member, Editorial Advisory Board
The World Economy
*Member, Editorial Board
Journal of Economic Integration
*Member, Editorial Board
Journal of International Economic Law
*Member, Editorial Board, Studies in International Economics, University of Michigan Press *Member
Group of Eminent Persons on Non-tariff BarriersUnited Nations Conference on Trade and Development

References

External links

Alan Deardorff's website
1944 births Living people 21st-century American economists Cornell University alumni

Faculty Faculty may refer to: * Faculty (academic staff), the academic staff of a university (North American usage) * Faculty (division) A faculty is a division within a university or college comprising one subject area or a group of related subject ...

University of Michigan faculty Gerald R. Ford School of Public Policy faculty {{US-economist-stub