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Ricardian Economics
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Book Synopsis A New Construction of Ricardian Theory of International Values by : Yoshinori Shiozawa
Download or read book A New Construction of Ricardian Theory of International Values written by Yoshinori Shiozawa and published by Springer. This book was released on 2017-03-30 with total page 307 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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
Book Synopsis Ricardian Economics by : Fouad Sabry
Download or read book Ricardian Economics written by Fouad Sabry and published by One Billion Knowledgeable. This book was released on 2024-02-15 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt: What is Ricardian Economics Ricardian economics are the economic theories of David Ricardo, an English political economist born in 1772 who made a fortune as a stockbroker and loan broker. At the age of 27, he read An Inquiry into the Nature and Causes of Wealth of Nations by Adam Smith and was energised by the theories of economics. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Ricardian economics Chapter 2: David Ricardo Chapter 3: Piero Sraffa Chapter 4: Comparative advantage Chapter 5: Index of economics articles Chapter 6: Classical economics Chapter 7: Cost-of-production theory of value Chapter 8: Neo-Ricardianism Chapter 9: On the Principles of Political Economy and Taxation Chapter 10: Absolute advantage Chapter 11: Heckscher-Ohlin model Chapter 12: New trade theory Chapter 13: Economic integration Chapter 14: Intra-industry trade Chapter 15: Gains from trade Chapter 16: New classical macroeconomics Chapter 17: Ricardian socialism Chapter 18: Ian Steedman Chapter 19: Piercy Ravenstone Chapter 20: International trade theory Chapter 21: Ricardo-Viner model (II) Answering the public top questions about ricardian economics. (III) Real world examples for the usage of ricardian economics in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Ricardian Economics.
Book Synopsis The Ricardian Rent Theory in Early American Economics by : John Roscoe Turner
Download or read book The Ricardian Rent Theory in Early American Economics written by John Roscoe Turner and published by . This book was released on 1921 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Ricardian Economics written by Mark Blaug and published by . This book was released on 2012-07-01 with total page 278 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Neo-Ricardian Theory by : B. Näslund
Download or read book Neo-Ricardian Theory written by B. Näslund and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 169 pages. Available in PDF, EPUB and Kindle. Book excerpt: During the last fifteen years certain very fundamental aspects of economic theory have been very actively debated. The debate has often been called the Cambridge controversy, since the main parti cipants in the debate come from Cambridge, USA and Cambridge, Eng land. In this debate certain important foundations of economic theory have been criticized which are specifically important for understand ing price formation and income distribution. An important starting point has been Sraffa's extensions of Ricardo's theory and one has therefore sometimes called those neo-Ricardians, who have based themselves on Sraffa's work. We shall deal with some important issues that have been debated, and we shall try to describe a rather complete theoretical construction which will be an alternative to neo-classical theory. A special problem relates to the title of the book and classification of authocs to whom we refer. Perhaps post-Keynesian would sometimes be a better label than neo-Ricardian. We have used the latter name for the book due to its large emphasis on Sraffa's work. To understand the main parts of the book only basic algebra and calculus are necessary.
Book Synopsis Political Economy and Laissez-faire by : Rajani Kannepalli Kanth
Download or read book Political Economy and Laissez-faire written by Rajani Kannepalli Kanth and published by Rowman & Littlefield Publishers. This book was released on 1986 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: To find more information about Rowman and Littlefield titles, please visit www.rowmanlittlefield.com.
Book Synopsis Ricardo's Economics by : Michio Morishima
Download or read book Ricardo's Economics written by Michio Morishima and published by Cambridge University Press. This book was released on 1990-10-25 with total page 268 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book, together with Marx's Economic and Walras' Economics, completes a sequence of titles by Professor Morishima on the first generation of scientific economists. The author's assessment of Ricardo differs substantially from the established views adopted by economists and historians of economic thought. While economists such as Pasinetti, Caravale and Samuelson have concentrated on macroeconomic interpretations of Ricardo, and historians of economic thought have emphasised his labour theory of value, Morishima takes a different course. In this book the author concentrates on Ricardo's main work, The Principles, and shows that his economics is the prototype of mathematical economies without the symbols and formulae. Morishima then translates Ricardo's economics into mathematical language to find a general equilibrium system (very similar to Walras') concealed within. The analysis also contradicts the conventional view that marginalism emerged in opposition to classical economics, showing instead that Ricardian analysis is firmly based on marginalist principles, using prices, wages and profits rather than labour values. The book ends with a discussion of the historical character of economic theory and an attempt to specify the epoch of Ricardian economics.
Book Synopsis Ricardo and International Trade by : Shigeyoshi Senga
Download or read book Ricardo and International Trade written by Shigeyoshi Senga and published by Taylor & Francis. This book was released on 2017-05-18 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt: David Ricardo’s theories have been widely studied and discussed, including the prominent theory on comparative advantage. Ricardo and International Trade looks at the ongoing renaissance of the Ricardian international trade theory. The book’s interpretation brings fresh insights into and new developments on the Ricardian international trade theory by examining the true meaning of the ‘four magic numbers’. By putting together theories of comparative advantage and international money, the book attempts to elucidate Ricardo’s international trade theory in the real world. This book also features contributions from the Japanese perspective and compares Ricardian theories with those of his contemporaries, such as Malthus, Torrens and J. S. Mill. This book will be a valuable reference for researchers and scholars with interests in history of economic thought and international economics.
Book Synopsis Ricardian Politics by : Murray Milgate
Download or read book Ricardian Politics written by Murray Milgate and published by Princeton University Press. This book was released on 2014-07-14 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt: Few deny that the work of economists has often embodied or stimulated significant contributions to political thought. Smith, Keynes, Hayek, and Friedman are good examples. However, the work of the great classical economist David Ricardo is not usually placed in such company. Despite Ricardo's affiliations with philosophical radicals like Bentham and James Mill, the most that previous scholars have been prepared to allow is that if Ricardo spoke to political questions at all, he addressed only economic policy. This book argues forcefully for a revision of that received opinion. Murray Milgate and Shannon Stimson show that Ricardo articulated a distinctive political vision, and that he did so in a novel and sophisticated way by linking arguments for democratic reform with the conclusions of political economy. Ricardian Politics examines compelling but neglected evidence of how Ricardo deployed economic theory to construct a new view of politics. Milgate and Stimson analyze the case he made for a more inclusive political society and for a more representative and democratic government, discuss how his argument was structured by his economics, and explicitly draw out comparisons with Bentham and James Mill. Ricardo wrote at a critical moment, which saw the consolidation of capitalist industry and the emergence of modern democratic political ideology. By attending to the historical context, this book recovers a more accurate picture of his thought, while contributing to the current renewal of research on the relationship between economic and political thought in early nineteenth-century Britain. Originally published in 1991. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.
Book Synopsis Ricardo and the Theory of Value Distribution and Growth by : Giovanni A. Caravale
Download or read book Ricardo and the Theory of Value Distribution and Growth written by Giovanni A. Caravale and published by Routledge. This book was released on 2013-04-15 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book presents a rigorous reconstruction of Ricardo's contribution to economic theory and a unifying interpretation of the key issues of Ricardo's research. Part One deals primarily with the problems of value and distribution Part Two deals specifically with the issues of distribution and growth. * Contemporary economic literature in the fields of value, distribution and growth is witnessing a renewed interest in the approach of the classical school, notably in the work of David Ricardo.
Book Synopsis The importance of the Ricardian theory of international trade by : Matthias Bauer
Download or read book The importance of the Ricardian theory of international trade written by Matthias Bauer and published by GRIN Verlag. This book was released on 2008-04-09 with total page 14 pages. Available in PDF, EPUB and Kindle. Book excerpt: Essay from the year 2007 in the subject Economics - International Economic Relations, grade: 1,3, University of Hull (Business School), course: International Economics, language: English, abstract: Does international trade generate benefits for a country? This question still causes controversion between economists, company leaders and policy makers all over the globe. Over two centuries ago the pioneer of classical economics, Adam Smith ex-pressed the following statement promoting trade between nations: “If a foreign country can supply us with a commodity cheaper than we ourselves can make it, better buy it of them with some part of the produce of our own industry employed in a way in which we have some advantage.” (Smith, 1776, p. 457). Today, among other trade theories, the widely known Ricardian model of comparative advantage between economies is used by economists to explain how trade affects the prosperity of nations. Ricardo (1817) suggested that countries specializing in the production of the commodities in which they have a comparative advantage, can achieve higher standards of consumption and living by trading these goods with other countries. Indeed, international trade has been rising steadily over the past decades. Propo-nents of Ricardo’s theory argue that trade can create industries and jobs, particularly in less developed nations, and increase the spectrum of economic opportunities, such as innovation and entrepreneurship. The aim of the paper is to give a brief glace at the theoretical framework and the importance of the Ricardian theory of international trade.
Book Synopsis 200 Years of Ricardian Trade Theory by : Ronald W. Jones
Download or read book 200 Years of Ricardian Trade Theory written by Ronald W. Jones and published by Springer. This book was released on 2017-11-30 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book offers a comprehensive and insightful reflection on David Ricardo’s ingenious theory of international trade. Divided into three parts, Part I presents the “birthday boy”, his concept and the many applications and insights that have been derived from it, particularly in modern times. Part II explores in depth important aspects of the Ricardian trade theory through the eyes and experience of leading experts on international trade theory, taking into account the latest research in the field. Lastly, Part III discusses current challenges of globalization in the light of Ricardian trade theory and includes the original "On Foreign Trade" written and published by David Ricardo in 1817.
Book Synopsis The Economics of David Ricardo by : Samuel Hollander
Download or read book The Economics of David Ricardo written by Samuel Hollander and published by Toronto ; Buffalo : University of Toronto Press. This book was released on 1979 with total page 784 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Pricing and Growth: Neo-Ricardian Approach by : Stanley Bober
Download or read book Pricing and Growth: Neo-Ricardian Approach written by Stanley Bober and published by Routledge. This book was released on 2019-07-23 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt: This monograph introduces the student to the neo-Ricardian paradigm in economics. It restores the core of economic reasoning to its classical roots with a focus on production and class distribution, rather than the optimum allocation of scarce resources. As in the neo-Ricardian tradition, the book integrates value theory with growth theory and shows how the accumulation of capital (with its impact on growth and employment) is intertwined with price determination and income distribution. In this perspective, the price setting mechanism is presented within the framework of the "megacorp" world. This leads the author to macroeconomics, the determination of the aggregate price level, and aggregate output. The book discusses basic growth models, savings, and the mechanics of income distribution. The student should be able to gain an understanding of the challenges to contemporary neoclassical economics now taking place. The book is appropriate for courses in price theory and national income.
Book Synopsis The Ricardian Rent Theory in Early American Economics by : John Roscoe Turner
Download or read book The Ricardian Rent Theory in Early American Economics written by John Roscoe Turner and published by Legare Street Press. This book was released on 2023-07-18 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: A detailed examination of the economic theory of Ricardo and its impact on early American economics, written by John Roscoe Turner. This volume provides valuable insight into one of the most influential economic theories of the 19th century, and its role in shaping American economic thought. This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work is in the "public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
Book Synopsis Ricardo's Theory of Growth and Accumulation by : Neri Salvadori
Download or read book Ricardo's Theory of Growth and Accumulation written by Neri Salvadori and published by Routledge. This book was released on 2020-04-22 with total page 124 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the aftermath of the Napoleonic Wars Britain found itself faced with a stagnant economy. Economist David Ricardo believed that the full re-integration of Britain into the world market would allow for both capital accumulation and population growth, and used arguments that anticipate ideas entertained in modern contributions to the theory of economic growth and development. However, several of these arguments have not yet been translated into the language of modern classical economics. Ricardo’s Theory of Growth and Accumulation seeks to overcome this striking lacuna. The latest entry in the Graz Schumpeter lecture series, this text explores and elaborates Ricardo’s arguments and the models utilized by those who subsequently followed in support of his work. The Ricardian system is first examined through a one-sector economy, following Kaldor’s model, and a two-sector economy, following Pasinetti’s model. These building blocks are developed through the exploration of a small open economy, which allows an analysis of the impact of international trade in exceedingly simple circumstances. This discussion expands further by considering the world economy. More sophisticated variants of the two-sector model are presented, in which commodity prices are endogenously determined by the trading interplay amongst several countries. A final analysis makes Ricardo’s case by introducing accumulation in the world economy. This book is of interest to students and scholars of Ricardo, classical economics, and – more broadly – growth theory, the theory of international economics, and globalization. The author was keen to render the analytical parts compelling to the historian and the historical parts compelling to the theorist.
Book Synopsis The Ricardian Theory of Rent by : Hutcheson Macaulay Posnett
Download or read book The Ricardian Theory of Rent written by Hutcheson Macaulay Posnett and published by . This book was released on 1884 with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt:
