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Author: Frank Dunstone Graham
Publisher:
ISBN:
Category : Value
Languages : en
Pages : 42
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Book Description
Author: Frank Dunstone Graham
Publisher:
ISBN:
Category : Value
Languages : en
Pages : 42
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Book Description
Author: Yoshinori Shiozawa
Publisher: Springer
ISBN: 981100191X
Category : Business & Economics
Languages : en
Pages : 307
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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: Rajas Parchure
Publisher: New Age International
ISBN: 9788122406641
Category : Business & Economics
Languages : en
Pages : 268
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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: Jacob Viner
Publisher: Routledge
ISBN: 1315409593
Category : Business & Economics
Languages : en
Pages : 555
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Book Description
In this book, originally published in 1937, Jacob Viner traces, in a series of studies of contemporary source-material, the evolution of the modern orthodox theory of international trade from its beginnings in the revolt against English mercantilism in the 17th and 18th centuries, through the English currency and tariff controversies of the 19th century, to the late 20th century. The author offers a detailed examination of controversies in the technical literature centering on important propositions of the classical and neo-classical economists relating to the theory of the mechanism of international trade and the theory of gain from trade.
Author: John Somerset Chipman
Publisher: Edward Elgar Publishing
ISBN: 9781781959527
Category : Business & Economics
Languages : en
Pages : 376
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Book Description
John Chipman is one of the most esteemed economists working in international trade theory. Presented in two volumes, this work presents Chipman's survey articles on the theory of international trade. The papers explore the evolution of thought from classical to new-classical and on to modern theory.
Author: James Waterhouse Angell
Publisher: Cambridge, Harvard University Press
ISBN:
Category : Business & Economics
Languages : en
Pages : 598
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Book Description
Author: Denis Patrick O'Brien
Publisher: Princeton University Press
ISBN: 9780691119397
Category : Business & Economics
Languages : en
Pages : 458
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Book Description
This account shows the extent, diversity and richness of the literature of economics produced in the period extending from David Hume's 'Essays' of 1752 to Fawcett and Cairnes in the 1810s. It shows how contributions were made by a host of thinkers from a wide variety of backgrounds.
Author: Charles Franklin Dunbar
Publisher:
ISBN:
Category : Economics
Languages : en
Pages : 736
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Book Description
Vols. 1-22 include the section "Recent publications upon economics".
Author: Chi-Yuen Wu
Publisher: Ludwig von Mises Institute
ISBN: 1610160452
Category :
Languages : en
Pages : 385
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Book Description
Chi-Yuen Wu from China was an Austrian price theorist writing during Mises's own time. His great contribution was this 1939 treatise written while studying at the London School of Economics, under the guidance of Lionel Robbins. Though the author deals primarily with the history of thought, Murray Rothbard considered it to be a seminal contribution to the theory of price and international trade.
Author: K.H. Erickson
Publisher: K.H. Erickson
ISBN:
Category : Political Science
Languages : en
Pages : 65
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Book Description
International Relations: A Simple Introduction offers an accessible guide to the central ideas and tools of international relations, with theory, empirical evidence, examples, and diagrams to support the analysis. Examine gains from trade theory, using the concepts of absolute efficiency, relative efficiency, opportunity cost, comparative advantage, and the terms of trade to learn why countries get involved with international trade. Explore trade liberalization, as the role of power and interdependence in states’ liberalization policies is assessed with realist and liberal theories of international relations, and the case studies of India and Mexico. Apply game theory to the problem of global warming and climate change, as the challenge to see the two biggest greenhouse gas polluters the United States and China reduce emissions is represented as an assurance game, prisoners’ dilemma game, and chicken game, and the prospects for a resolution evaluated. Investigate the role which cultural difference plays in international relations, as communitarian, constructivist, and cosmopolitan theories are examined, and their predictions for cultural conflict, cultural change, or cultural unity are discussed.
