A comparative advantage can be something inherent, in the way a person’s height might make them better at basketball. It can also be developed and improved, the way one basketball player can become ...

David Ricardo, a Scottish economist, made a perceptive observation that a few individuals, firms, or countries can gain from trading, even if one of them is objectively the best in all activities.

What’s on your to-do list today? The answer, especially if you’re a CEO, is probably “more than I can possibly get done.” There’s an entire time-management industry that seeks to help people at all ...