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200 Years of Ricardian Trade Theory

Author : Ronald W. Jones

Publisher : Springer

Page : 273 pages

File Size : 27,84 MB

Release : 2017-11-30

Category : Business & Economics

ISBN : 3319606069

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Book Description

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.



International Trade Theory and Competitive Models

Author : Ronald Winthrop Jones

Publisher : World Scientific Publishing Company

Page : 0 pages

File Size : 26,71 MB

Release : 2018

Category : International trade

ISBN : 9789813200661

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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.



The Theory of International Trade

Author : John Somerset Chipman

Publisher : Edward Elgar Publishing

Page : 376 pages

File Size : 43,67 MB

Release : 2008-01-01

Category : Business & Economics

ISBN : 9781781959527

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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.



A New Construction of Ricardian Theory of International Values

Author : Yoshinori Shiozawa

Publisher : Springer

Page : 307 pages

File Size : 40,26 MB

Release : 2017-03-30

Category : Business & Economics

ISBN : 981100191X

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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



Ricardo and International Trade

Author : Shigeyoshi Senga

Publisher : Taylor & Francis

Page : 276 pages

File Size : 15,76 MB

Release : 2017-05-18

Category : Business & Economics

ISBN : 135168616X

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Book Description

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.





WTO Law and Policy

Author : Jae Sundaram

Publisher : Routledge

Page : 965 pages

File Size : 10,33 MB

Release : 2022-04-11

Category : Law

ISBN : 042963269X

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Book Description

WTO Law and Policy presents an authoritative account of the emergence of the World Trade Organization (WTO) and the basic principles and institutional law of the WTO. It explores how political economy has shaped the WTO’s legal philosophy and policies, and provides insights into how international trade law at the WTO has developed. This textbook examines the legal obligations of the Member States of the WTO under the multilateral trade agreements, the legal remedies available under the rules-based dispute settlement system, and incorporates the most relevant case laws from the WTO’s jurisprudence. It outlines several key contemporary issues which the WTO faces as well as areas that need reforming. Each chapter covers a specific topic in relation to the framework and functionality of the WTO, with particular focus on the legal aspects of the multilateral trade order. The book is guided by the legal pronouncements of the Dispute Settlement Body (Panels and Appellate Body), and the commentaries on the interpretation of the provisions of the covered agreements. This book is ideal for all students studying international trade law, including those coming to international law, international trade law, and WTO law for the first time.



Free Trade and Absolute and Comparative Advantage

Author : Reinhard Schumacher

Publisher : Universitätsverlag Potsdam

Page : 116 pages

File Size : 31,52 MB

Release : 2012

Category : Political Science

ISBN : 3869561955

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Book Description

This thesis deals with two theories of international trade: the theory of comparative advantage, which is connected to the name David Ricardo and is dominating current trade theory, and Adam Smith’s theory of absolute advantage. Both theories are compared and their assumptions are scrutinised. The former theory is rejected on theoretical and empirical grounds in favour of the latter. On the basis of the theory of absolute advantage, developments of free international trade are examined, whereby the focus is on trade between industrial and underdeveloped countries. The main conclusions are that trade patterns are determined by absolute production cost advantages and that the gap between developed and poor countries is not reduced but rather increased by free trade.



Economics today

Author : Peter Eisenhut / Jan-Egbert Strum

Publisher : Somedia Buchverlag

Page : 304 pages

File Size : 13,17 MB

Release : 2022

Category : Business & Economics

ISBN : 372531084X

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Book Description

The standard work for business schools, colleges and universities as well as for continuing education courses has enjoyed great acceptance among lecturers and students for many years. The new edition is up to date, comprehensible in language and structure, undogmatic and practical. In addition to its topicality, the special features of this book include: Interviews:Each chapter ends with an interview with personalities from politics, business and academia on current issues.Digressions: They serve to link economic theories with practice."Economic thinking": Economics is not only content, but also a model of thinking. Therefore, at the end of each chapter, typical economic ways of thinking are explained by way of example in a special section. Accompanying materials (in German) at edu.somedia-buchverlag.ch The learning centre provides:Assignments and case studies: multiple choice, assignments and case studies / experiments are provided for each chapter. Solutions: Solutions are available for the assignments and case studies as well as for the revision exercises from the textbook. Power Point presentations: Presentations are provided for all chapters for use in class.Reader: Various newspaper articles, YouTube videos and other supplementary teaching materials are available. Der Autor Peter Eisenhut studierte an der Universität St. Gallen Volkswirtschaftslehre und Wirtschaftspädagogik. Anschliessend war er Hauptlehrer für Wirtschaftswissenschaften an der Kantonsschule Heerbrugg. Von 1987 bis 1998 erfüllte er einen Lehrauftrag für Volkswirtschaftslehre an der Universität St. Gallen. Von 1990 bis 1993 war er Mitglied der Geschäftsleitung des St. Galler Zentrums für Zukunftsforschung. Von 1997 bis 2007 war er Chefökonom der Industrie- und Handelskammer St. Gallen-Appenzell. Von 2000 bis 2017 unterrichtete er an der Executive School der Universität St. Gallen (ES-HSG). Seit Januar 2008 ist Peter Eisenhut Inhaber der ecopol ag (www.ecopolag.ch), einer Firma, welche Entscheidungsträger aus Politik, Verwaltung und Wirtschaft in volkswirtschaftlichen Fragestellungen unterstützt.



Fundamental Issues in Trade Theory

Author : Ian Steedman

Publisher : Palgrave Macmillan

Page : 231 pages

File Size : 20,19 MB

Release : 2014-01-14

Category : Business & Economics

ISBN : 9781349043804

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