Ricardo And International Trade

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Ricardo and International Trade

Author : Shigeyoshi Senga
Publisher : Taylor & Francis
ISBN 13 : 135168616X
Total Pages : 276 pages
Book Rating : 4.3/5 (516 download)

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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.

200 Years of Ricardian Trade Theory

Author : Ronald W. Jones
Publisher : Springer
ISBN 13 : 3319606069
Total Pages : 268 pages
Book Rating : 4.3/5 (196 download)

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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 268 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.

On the Principles of Political Economy, and Taxation

Author : David Ricardo
Publisher :
ISBN 13 :
Total Pages : 566 pages
Book Rating : 4.R/5 (3 download)

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Book Synopsis On the Principles of Political Economy, and Taxation by : David Ricardo

Download or read book On the Principles of Political Economy, and Taxation written by David Ricardo and published by . This book was released on 1821 with total page 566 pages. Available in PDF, EPUB and Kindle. Book excerpt:

A New Construction of Ricardian Theory of International Values

Author : Yoshinori Shiozawa
Publisher : Springer
ISBN 13 : 981100191X
Total Pages : 303 pages
Book Rating : 4.8/5 (11 download)

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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 303 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

Comparative Advantage in International Trade

Author : Andrea Maneschi
Publisher : Edward Elgar Publishing
ISBN 13 : 9781781956243
Total Pages : 276 pages
Book Rating : 4.9/5 (562 download)

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Book Synopsis Comparative Advantage in International Trade by : Andrea Maneschi

Download or read book Comparative Advantage in International Trade written by Andrea Maneschi and published by Edward Elgar Publishing. This book was released on 1998-01-01 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'Historians of international trade and trade theory, intellectual historians, and students of trade theory will all benefit from Andrea Maneschi's masterful work, which takes the reader through a considerable amount of the primary literature and presents technical models of international trade with great clarity.' - Sandra Peart, The International History Review

The importance of the Ricardian theory of international trade

Author : Matthias Bauer
Publisher : GRIN Verlag
ISBN 13 : 3638034836
Total Pages : 11 pages
Book Rating : 4.6/5 (38 download)

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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 11 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, 14 entries in the bibliography, 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.

The Global Free Trade Error

Author : Ron Baiman
Publisher : Routledge
ISBN 13 : 1317527011
Total Pages : 233 pages
Book Rating : 4.3/5 (175 download)

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Book Synopsis The Global Free Trade Error by : Ron Baiman

Download or read book The Global Free Trade Error written by Ron Baiman and published by Routledge. This book was released on 2017-02-24 with total page 233 pages. Available in PDF, EPUB and Kindle. Book excerpt: The doctrine of "free trade" is second only to that of "free markets" in undergirding ideological support for our current global economic structures and rules. From David Ricardo’s "comparative advantage principle" to James Meade’s Neoclassical or mainstream economics proof of self-adjusting free trade equilibrium, the free trade doctrine has had a lasting and destructive hold on Neoclassical economic thinking since its inception. The Global Free Trade Error provides a detailed analysis of these foundational models and counter-poses these to alternative Neo-Marxist "unequal exchange" models of global trade and finance. In the first part of the book the three core free trade models alluded to above are respectively demonstrated to be: overdetermined, inapplicable, and infeasible. In particular, Ricardo’s parable is shown to support managed trade rather than free trade as Ricardo and two centuries of economic texts have claimed. In the second part of the book, unequal exchange analyses of global trade are shown to provide logically coherent and useful insights into global trade and finance. In the third and final part of the book, this unequal exchange perspective is used, within a general "demand and cost" setting, to develop a set of global managed trade principles for a more equitable and sustainable world trade regime. This book will be of great interest to those who study political economy, history of economic thought, and international trade, including trade agreements and tariffs.

International Trade Theory and Competitive Models

Author : Ronald Winthrop Jones
Publisher : World Scientific Publishing Company
ISBN 13 : 9789813200661
Total Pages : 0 pages
Book Rating : 4.2/5 (6 download)

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Book Synopsis International Trade Theory and Competitive Models by : Ronald Winthrop Jones

Download or read book International Trade Theory and Competitive Models written by Ronald Winthrop Jones and published by World Scientific Publishing Company. This book was released on 2018 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Ricardo's Theory of Growth and Accumulation

Author : Neri Salvadori
Publisher : Routledge
ISBN 13 : 1000088863
Total Pages : 124 pages
Book Rating : 4.0/5 ( download)

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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.

From Adam Smith to Michael Porter

Author : Tong-s?ng Cho
Publisher : World Scientific
ISBN 13 : 9814401668
Total Pages : 347 pages
Book Rating : 4.8/5 (144 download)

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Book Synopsis From Adam Smith to Michael Porter by : Tong-s?ng Cho

Download or read book From Adam Smith to Michael Porter written by Tong-s?ng Cho and published by World Scientific. This book was released on 2013 with total page 347 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a thorough explanation of the evolution of international competitiveness theories and their economic and strategic implications. The theories range from classical theories such as Adam Smith's theory of absolute advantage, to new theories such as Michael Porter's diamond model.

International Trade and Trade Policy

Author : Elhanan Helpman
Publisher : MIT Press
ISBN 13 : 9780262081993
Total Pages : 316 pages
Book Rating : 4.0/5 (819 download)

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Book Synopsis International Trade and Trade Policy by : Elhanan Helpman

Download or read book International Trade and Trade Policy written by Elhanan Helpman and published by MIT Press. This book was released on 1991 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt: Centering on questions of the potential optimality of some trade protection, these original contributions present research at the frontier of international trade and trade policy. They expand and test the new trade theory that has developed during the last decade, incorporating elements of industrial organization and political economy into the study of trade structure and the formation of trade policy. Essays in the first two parts take up trade policy, addressing issues such as the formation of trading blocks, strategic trade policy, the political economy of protection, growth-oriented trade policies, and including empirical studies of the welfare effects of quality - upgrading voluntary export restrictions and import quotas. Essays in the third part discuss various structural issues such as trade in services, intersectoral adjustments, and the advantage of early entry. Elhanan Helpman and Assaf Razin are Professors of Economics at Tel Aviv University and NBER Research Associates. Contents: Trade Policy: Theory. Is Bilateralism Bad? Paul R. Krugman. Strategic Trade Policy and Direct Foreign Investment: When Are Tariffs and Quotas Equivalent? James A. Levinsohn. Making Altruism Pay in Auction Quotas, Kala Krishna. On the Ineffectiveness of Made-to-Measure Protectionist Programs, Aaron Tornell. Export Subsidies and Price Competition, Peter Neary. Adverse Selection in Credit Markets and Infant Industry Protection, Harry Flam and Robert W. Staiger. Protection, Politics, and Market Structure, Arye L. Hillman. Growth and Welfare in a Small Open Economy, Gene M. Grossman and Elhanan Helpman. Trade Policy: Evidence. Quality Upgrading and Its Welfare Cost in U.S. Imports, 1969-74, Randi Boorstein and Robert C. Feenstra. Counting the Cost of Voluntary Export Restraints in the European Car Market, Alasdair Smith and Anthony J. Venables. Structural Issues. Services in International Trade, Wilfred J. Ethier and Henrik Horn. First-Mover Advantages, Blockaded Entry, and the Economics of Uneven Development, James R. Markusen. Wage Sensitivity Rankings and Temporal Convergence, Ronald W. Jones and Peter Neary.

A Theory of International Trade Under Uncertainty

Author : Elhanan Helpman
Publisher : Academic Press
ISBN 13 : 148327151X
Total Pages : 202 pages
Book Rating : 4.4/5 (832 download)

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Book Synopsis A Theory of International Trade Under Uncertainty by : Elhanan Helpman

Download or read book A Theory of International Trade Under Uncertainty written by Elhanan Helpman and published by Academic Press. This book was released on 2014-05-10 with total page 202 pages. Available in PDF, EPUB and Kindle. Book excerpt: A Theory of International Trade Under Uncertainty analyzes international trade in goods and securities in the presence of uncertainty using an integrated general equilibrium framework that recognizes the dependence of markets for goods on financial markets and vice versa. The usefulness of this approach is demonstrated by means of applications to questions such as the effects of international trade on resource allocation, tariff policy, and intervention in financial capital markets. Results which are important for theoretical as well as policy oriented applications are presented. Comprised of 11 chapters, this volume begins with an introduction to some of the fundamental elements of the deterministic Ricardian and Heckscher-Ohlin theories of international trade. Relevant elements from the theory of decision making under uncertainty are then discussed, along with the behavior of firms and consumers-investors in an economy with stock markets. Subsequent chapters focus on problems of commercial policy; gains from trade in goods and securities; and issues of intervention in financial capital markets. The book concludes by describing a dynamic model of international trade that contains an infinite horizon and takes into account the trade-off between present period consumption and savings. An example that illustrates an equilibrium structure of the dynamic model is presented. This monograph is intended for economists who are interested in international trade or international finance, including graduate students who specialize in these fields.

Power, Protection, and Free Trade

Author : David A. Lake
Publisher : Cornell University Press
ISBN 13 : 1501723049
Total Pages : 257 pages
Book Rating : 4.5/5 (17 download)

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Book Synopsis Power, Protection, and Free Trade by : David A. Lake

Download or read book Power, Protection, and Free Trade written by David A. Lake and published by Cornell University Press. This book was released on 2018-03-15 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why do nations so frequently abandon unrestricted international commerce in favor of trade protectionism? David A. Lake contends that the dominant explanation, interest group theory, does not adequately explain American trade strategy or address the contradictory elements of cooperation and conflict that shape the international economy. Power, Protection, and Free Trade offers an alternative, systemic approach to trade strategy that builds on the interaction between domestic and international factors. In this innovative book, Lake maintains that both protection and free trade are legitimate and effective instruments of national policy, the considered responses of nations to varying international structures.

The World of Economics

Author : John Eatwell
Publisher : Springer
ISBN 13 : 1349213152
Total Pages : 766 pages
Book Rating : 4.3/5 (492 download)

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Book Synopsis The World of Economics by : John Eatwell

Download or read book The World of Economics written by John Eatwell and published by Springer. This book was released on 1991-05-13 with total page 766 pages. Available in PDF, EPUB and Kindle. Book excerpt: What are the central questions of economics and how do economists tackle them? This book aims to answer these questions in 100 essays, written by economists and selected from "The New Palgrave: A Dictionary of Economics". It shows how economists deal with issues ranging from trade to taxation.

Increasing Returns and Economic Analysis

Author : Kenneth J. Arrow
Publisher : Springer
ISBN 13 : 1349262552
Total Pages : 478 pages
Book Rating : 4.3/5 (492 download)

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Book Synopsis Increasing Returns and Economic Analysis by : Kenneth J. Arrow

Download or read book Increasing Returns and Economic Analysis written by Kenneth J. Arrow and published by Springer. This book was released on 1998-04-12 with total page 478 pages. Available in PDF, EPUB and Kindle. Book excerpt: Selected papers from many leading Australian, American, Asian, British and European economists of an international conference at Monash University sparked by the first Australian visit by Kenneth J. Arrow, Nobel Laureate in Economics. Part 1 extends the recently emerged New Classical Economics which uses inframarginal analysis to formally examine classical economic problems of specialization with insights on trade, growth, and many other issues. Part 2 analyses the implications of increasing returns and the associated non-perfect competition on some macro problems like the effects of nominal aggregate demand on output and the price level. Part 3 analyses the relationships of information, returns to scale, and issues of resources and trade.

The Theory of International Trade

Author : John Somerset Chipman
Publisher : Edward Elgar Publishing
ISBN 13 : 9781781959527
Total Pages : 376 pages
Book Rating : 4.9/5 (595 download)

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Book Synopsis The Theory of International Trade by : John Somerset Chipman

Download or read book The Theory of International Trade written by John Somerset Chipman and published by Edward Elgar Publishing. This book was released on 2008-01-01 with total page 376 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

The Life and Economics of David Ricardo

Author : John P. Henderson
Publisher : Springer Science & Business Media
ISBN 13 : 1461561299
Total Pages : 685 pages
Book Rating : 4.4/5 (615 download)

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Book Synopsis The Life and Economics of David Ricardo by : John P. Henderson

Download or read book The Life and Economics of David Ricardo written by John P. Henderson and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 685 pages. Available in PDF, EPUB and Kindle. Book excerpt: John P. Henderson's The Life and Economics of David Ricardo represents the first comprehensive personal and intellectual biography of the brilliant and influential British economist. Employing the talents of both a biographer and an economist, the author examines Ricardo's early years, his Sephardic origins and his employment in the London financial markets, as well as his later work on money and banking, international trade, economic instability and the theory of rent and value. Henderson also provides a thorough investigation of Ricardo's relationships with Thomas Robert Malthus and other classical economists. The Life and Economics of David Ricardo will be of interest not only to historians of economic thought and students of economics, but also to any economist working in the Ricardian or Classical Political Economy tradition.