structural:scholar_edition
Comparative advantage

Ricardo's theory of international trade was reformulated by John Stuart Mill in 1844. The term "comparative advantage" was introduced by J. S. Mill and his contemporaries.

John Stuart Mill started a neoclassical turn of international trade theory, i.e. his formulation was inherited by Alfred Marshall and others, and has both contributed to the resurrection of the anti-Ricardian concept of law of supply and demand, and induced the arrival of neoclassical theory of value.