@book{Schumacher2012,
  author    = {Schumacher, Reinhard},
  title     = {Free trade and absolute and comparative advantage : a critical comparison of two major theories of international trade},
  publisher = {Universit{\"a}tsverlag Potsdam},
  address   = {Potsdam},
  isbn      = {978-3-86956-195-0},
  url       = {http://nbn-resolving.de/urn:nbn:de:kobv:517-opus-60237},
  publisher      = {Universit{\"a}t Potsdam},
  pages     = {108},
  year      = {2012},
  abstract  = {This thesis deals with two theories of international trade: the theory of comparative advantage, which is connected to the name David Ricardo and is dominating current trade theory, and Adam Smith's theory of absolute advantage. Both theories are compared and their assumptions are scrutinised. The former theory is rejected on theoretical and empirical grounds in favour of the latter. On the basis of the theory of absolute advantage, developments of free international trade are examined, whereby the focus is on trade between industrial and underdeveloped countries. The main conclusions are that trade patterns are determined by absolute production cost advantages and that the gap between developed and poor countries is not reduced but rather increased by free trade.},
  language  = {en}
}
@article{Schumacher2016,
  author    = {Schumacher, Reinhard},
  title     = {Adam Smith and the "rich country-poor country" debate: eighteenth-century views on economic progress and international trade},
  series = {The European journal of the history of economic thought},
  volume    = {23},
  journal   = {The European journal of the history of economic thought},
  publisher = {Elsevier},
  address   = {Abingdon},
  issn      = {0967-2567},
  doi       = {10.1080/09672567.2015.1050046},
  pages     = {764 -- 793},
  year      = {2016},
  language  = {en}
}
@article{PaganelliSchumacher2018,
  author    = {Paganelli, Maria Pia and Schumacher, Reinhard},
  title     = {Do not take peace for granted},
  series = {Cambridge journal of economics},
  volume    = {43},
  journal   = {Cambridge journal of economics},
  number    = {3},
  publisher = {Oxford Univ. Press},
  address   = {Oxford},
  issn      = {0309-166X},
  doi       = {10.1093/cje/bey040},
  pages     = {785 -- 797},
  year      = {2018},
  abstract  = {Is trade a promoter of peace? Adam Smith, one of the earliest defenders of trade, worries that commerce may instigate some perverse incentives, encouraging wars. The wealth that commerce generates decreases the relative cost of wars, increases the ability to finance wars through debts, which decreases their perceived cost, and increases the willingness of commercial interests to use wars to extend their markets, increasing the number and prolonging the length of wars. Smith, therefore, cannot assume that trade would yield a peaceful world. While defending and promoting trade, Smith warns us not to take peace for granted.},
  language  = {en}
}