InvestWell

Quarterly Newsletter The Advisor

Investwell's Quarterly Newsletter: The Advisor

David A. Jones writes a quarterly newsletter, The Advisor. Below is the most recent issue. Issues going back to 2021 are available using the buttons at the bottom of the page. Issues older than 2021 are available on The Advisor Archives tab of this page.

The Advisor – Spring 2025: Tariffic

For as long as modern trade has existed, there have been tariffs – duties, levies or taxes – that have been applied to goods entering a country.

Early in the 19th century, the English economist David Ricardo introduced his Theory of Comparative Advantage. The theory posits that countries benefit from foreign trade by specializing in and exporting goods where they have a relative advantage, even if they are not the most efficient producers of those goods. In other words, trading freely would help countries and their peoples prosper. The argument was a strong counter to the mercantilist dogma of the day. Mostly free trade brought unprecedented prosperity to Great Britain, propelling it into the rank of first amongst nations.

Read the Spring 2025 Advisor

Read More »