Alan V. Deardorff (born 1944) is the John W. Sweetland Professor Emeritus of

International Economics International economics is concerned with the effects upon economic activity from international differences in productive resources and consumer preferences and the international institutions that affect them. It seeks to explain the patterns an ...

and a professor emeritus of

Public Policy Public policy is an institutionalized proposal or a Group decision-making, decided set of elements like laws, regulations, guidelines, and actions to Problem solving, solve or address relevant and problematic social issues, guided by a conceptio ...

at the

University of Michigan The University of Michigan (U-M, U of M, or Michigan) is a public university, public research university in Ann Arbor, Michigan, United States. Founded in 1817, it is the oldest institution of higher education in the state. The University of Mi ...

Gerald R. Ford School of Public Policy,

Ann Arbor Ann Arbor is a city in Washtenaw County, Michigan, United States, and its county seat. The 2020 United States census, 2020 census recorded its population to be 123,851, making it the List of municipalities in Michigan, fifth-most populous cit ...

.Alan V. Deardorff

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

Cornell University Cornell University is a Private university, private Ivy League research university based in Ithaca, New York, United States. The university was co-founded by American philanthropist Ezra Cornell and historian and educator Andrew Dickson W ...

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, politician, and member of Parliament. He is recognized as one of the most influential classical economists, alongside figures such as Thomas Malthus, Ada ...

's theory of

comparative advantage Comparative advantage in an economic model is the advantage over others in producing a particular Goods (economics), good. A good can be produced at a lower relative opportunity cost or autarky price, i.e. at a lower relative marginal cost prior t ...

, 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 specifically 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. Th ...

or pairs of commodities in a many-commodity world", but stating 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 He has also served as a consultant to international organizations including the Organization for Economic Cooperation and Development and the World Bank.

Current Affiliations

*Asia-Pacific Research and Training Network on Trade (ARTNeT),

United Nations Economic and Social Commission for Asia and the Pacific United may refer to: Places * United, Pennsylvania, an unincorporated community * United, West Virginia, an unincorporated community Arts and entertainment Films * ''United'' (2003 film), a Norwegian film * ''United'' (2011 film), a BBC Two f ...

, *External Fellow
Leverhulme Centre for Research on Globalisation and Economic Policy
University of Nottingham. *External Fellow, ''

National Bureau of Economic Research The National Bureau of Economic Research (NBER) is an American private nonprofit research organization "committed to undertaking and disseminating unbiased economic research among public policymakers, business professionals, and the academic co ...

'' *Faculty Associate
William Davidson Institute
University of Michigan *International Research Fellow and Permanent Advisor
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 University of Michigan faculty Gerald R. Ford School of Public Policy faculty {{US-economist-stub