A New Construction of Ricardian Theory of International Values PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download A New Construction of Ricardian Theory of International Values PDF full book. Access full book title A New Construction of Ricardian Theory of International Values by Yoshinori Shiozawa. Download full books in PDF and EPUB format.
Author: Yoshinori Shiozawa
Publisher: Springer
ISBN: 981100191X
Category : Business & Economics
Languages : en
Pages : 307
Get Book Here
Book Description
This is the first book published in English on the new international value theory, presented by Yoshinori Shiozawa in 2007. Shiozawa submitted a solution to the question on international values since Ricardo by constructing a Ricardo–Sraffa model on trading economies with M countries and N commodities including intermediate inputs (normally M N). The new theory is based on the assumption that prices are determined by production costs, which is the property derived from the classical value theory. The papers collected here deal with the following: introducing readers to the new theory; presenting diagrammatic illustrations of the new theory; analysing efficient patterns of specialization allowing intermediate inputs; examining how the new theory gives a new horizon to the Neo-Ricardian trade theory; investigating competitiveness, the long-period method, and potentiality from the perspectives of the new theory; discussing Mill's conversion toward neoclassical revolution; scrutinizing how the concept of comparative advantage has developed and diverged from Ricardo’s trade theory; discussing the purification of Marshall's value theory through Mill’s influence; reviewing the controversies on international values among Japanese economists; considering the value-added trade based on the Ricardian value theory; and lastly giving a mathematical explanation of the definitions and theorems of the new theory./pp
Author: Yoshinori Shiozawa
Publisher: Springer
ISBN: 981100191X
Category : Business & Economics
Languages : en
Pages : 307
Get Book Here
Book Description
This is the first book published in English on the new international value theory, presented by Yoshinori Shiozawa in 2007. Shiozawa submitted a solution to the question on international values since Ricardo by constructing a Ricardo–Sraffa model on trading economies with M countries and N commodities including intermediate inputs (normally M N). The new theory is based on the assumption that prices are determined by production costs, which is the property derived from the classical value theory. The papers collected here deal with the following: introducing readers to the new theory; presenting diagrammatic illustrations of the new theory; analysing efficient patterns of specialization allowing intermediate inputs; examining how the new theory gives a new horizon to the Neo-Ricardian trade theory; investigating competitiveness, the long-period method, and potentiality from the perspectives of the new theory; discussing Mill's conversion toward neoclassical revolution; scrutinizing how the concept of comparative advantage has developed and diverged from Ricardo’s trade theory; discussing the purification of Marshall's value theory through Mill’s influence; reviewing the controversies on international values among Japanese economists; considering the value-added trade based on the Ricardian value theory; and lastly giving a mathematical explanation of the definitions and theorems of the new theory./pp
Author: Frank Dunstone Graham
Publisher:
ISBN:
Category : Value
Languages : en
Pages :
Get Book Here
Book Description
Author: Avinash Dixit
Publisher: Cambridge University Press
ISBN: 1107717086
Category : Business & Economics
Languages : en
Pages : 352
Get Book Here
Book Description
This book expounds trade theory emphasizing that a trading equilibrium is general rather than partial, and is often best modelled using dual or envelope functions. This yields a compact treatment of standard theory, clarifies some errors and confusions, and produces some new departures. In particular, the book (i) gives unified treatments of comparative statics and welfare, (ii) sheds new light on the factor-price equalization issue, (iii) treats the modern specific-factor model in parallel with the usual Heckscher-Ohlin one, (iv) analyses the balance of payments in general equilibrium with flexible and fixed prices, (v) studies imperfect competition and intra-industry trade.
Author: Rajas Parchure
Publisher: New Age International
ISBN: 9788122406641
Category : Business & Economics
Languages : en
Pages : 268
Get Book Here
Book Description
Any Survey Of International Economics Inevitably Reveals That All The Significant Developments In The Theory Have Been Directly Prompted By The Needs Of Practical Policy. Consider As Quick Illustrations The Nationalistic Fervour Of The Mercantilists, Friedrich List And Everyday Policy-Makers All Over The World, The Liberal Free-Trade Concerns Of David Hume, Adam Smith, David Ricardo And John Stuart Mill, The Fears Of Imperialist Exploitation In The Works Of V.I. Lenin, Rosa Luxembourg, Dadabhai Nowrosjee And Centreperiphery Theorists, The Need For International Co-Operation To Suppress The Relapse Of Parochial Nationalism In The Works Of J.M. Keynes, E.M. Berstein, Harry Dexter White, Folk Hilgerdt And Gunnar Myrdal, The Effects Of Exchange Rate Policy On Trade Balance In Alfred Marshall, Abba Lemer, Joan Robinson, Sidney Alexander And Several Others, The Consequences Of International Growth And Technical Changes For National Welfare In John Hicks, Harry Johnson, Jagdish Bhagwati, Raul Prebisch And A Generation Of Scholars. The Examples Can Be Multiplied.One Would Have Expected That A Theory Whose Main Developments Have Been Stimulated By Real-World Concerns, Would, Over The Course Of Decades And Centuries, Develop Into A Virulent Instrument For Understanding And Solving New Problems That Continually Arise In, Or On Account Of, International Changes. But Witness, Alas, How Pitiably The Theory Itself, In Its Strange Obsession Over 2X2X2 Models Compares With The Rapidly Changing Complexity Of Multilateral Trade. This Is Not To Say That No Work Has Been Done To Fill Up The Backlog. Frank D. Graham, Lionel Mckenzie, Ronald Jones, Jacob Mosak, Paul Samuelson, Lloyd Metzler, John Chipman And Others Have Made Important Contributions Here. There Is, Besides, Considerable Empirical Work And The Compilation Of A Truly Astounding Data Base On Multicountry Transactions By The International Institutions. It Is Then All The More Unfortunate That The Conceptual Work Which Can Have An Interpretative Bearing On This Database Should All But Remain In Theunderworld Of Footnotes.The Lag Of Theory Behind Reality Is Perhaps More Glaring In This As Compared To Other Branches Of Economics. Every Effort To Bridge It Is Not Just Welcome, It Is Urgent. The Future Of Global Understanding And Co-Operation May Lie In These Endeavours.The Theory Of International Values Is An Attempt Towards Closing This Gap. It Deals With Three Themes That Have Been Somewhat Neglected Or At Any Rate Are Unevenly Developed.Firstly It Attempts To Formulate A Theory Of Multicountry Multicommodity Trade. Secondly, It Allows Capital Goods To Be Traded Thus Integrating The Models Of Growth And Distribution With Models Of Trade. Thirdly, It Proposes A New Model Of Exchange Rate Determination Which Is Based On Market Clearing.The Book Should Be Of Considerable Interest To: * Economists Working In International Economics. * Econometricians Engaged In Multicountry Modelling. * Finance Specialists Engaged In Exchange Rate Forecasting And * Students Of International Economics And Finance.Although The Treatment Is Advanced The Contents Can Followed By Students Having``Subsistence Knowledge`` Of Simultaneous Equations. In Any Case All Mathematical Exercises Have Been Amply Illustrated By Constructive Numerical Examples.
Author: Frank Dunstone Graham
Publisher:
ISBN:
Category : Value
Languages : en
Pages : 42
Get Book Here
Book Description
Author: Ronald Winthrop Jones
Publisher: World Scientific Publishing Company
ISBN: 9789813200661
Category : International trade
Languages : en
Pages : 0
Get Book Here
Book Description
World-renowned economist Ronald W. Jones gets to the essence of international trade theory in this collection of articles that span over half a century of his published work. As the global economy has grown, so too has the need for a deeper rooted understanding of trade -- and its assorted benefits. With clear, simplifying prose, Jones elucidates the Ricardian, Heckscher-Ohlin, and Specific-Factors models of general equilibrium theory. Jones' pioneering work anticipates, among other changes in our time, the creation of far-flung supply chains brought about by the falling costs of service links. The theoretical, technical, and historical insights in the text are peppered with personal notes that capture modern intellectual development in the field, providing a bedrock foundation in international trade for students and practitioners alike.
Author: Francis Ysidro Edgeworth
Publisher:
ISBN:
Category : Commerce
Languages : en
Pages : 638
Get Book Here
Book Description
Author: Erich H. Rast
Publisher: Rowman & Littlefield
ISBN: 1793616957
Category : Philosophy
Languages : en
Pages : 234
Get Book Here
Book Description
The theory of value structure concerns the meaning of “better than” and “good,” as well as the way in which values serve as a basis for rational decision making. Drawing methodologically from economics and theories of decision making, the aim of serious axiology in metaethics is to do justice to problems that have puzzled philosophers of value for centuries. Can value comparisons be cyclic? Are all values comparable with each other and can decision makers just add up different aspects of an evaluation to determine the best course of action? A Theory of Value Structure: From Values to Decisions starts with a thorough introduction to the modeling of “better than” comparisons from a normative perspective. In the philosophical part of the book, Erich H. Rast argues that aspects of “better than” comparisons can differ qualitatively so much that one aspect may outrank another. Consequently, the classical weighted sum aggregation model fails. Values cannot always be summed up and comparisons may be fundamentally noncompensatory, an indeterminacy that explains problems like the apparent nontransitivity of “better than” and hard cases in decision making. Using a lexicographic method of value comparisons, Rast develops a multidimensional theory of “better than” and shows how and to which extent it can be combined with standard methods of decision making under uncertainty by using rank-dependent utility theory.
Author: Charles Francis Bastable
Publisher:
ISBN:
Category : Commerce
Languages : en
Pages : 192
Get Book Here
Book Description
Author: Alfred Marshall
Publisher:
ISBN:
Category :
Languages : en
Pages :
Get Book Here
Book Description
