The theory of international trade : an alternative approach
Author(s)
Bibliographic Information
The theory of international trade : an alternative approach
Macmillan , St. Martin's Press, 1999
- : uk
- : us
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Note
Includes bibliographical references and index
2003 printing published: Basingstoke : Palgrave
Description and Table of Contents
Description
In a previous book The Theory of Value, Capital and Interest , the systemic theory of value was developed for a closed economy. Now the economy is opened and the same theory is applied to international trade. Both books are intended to provide an alternative theoretical paradigm.
Table of Contents
Figures Preface Symbols Abbreviations Introduction PART I: THE MAINSTREAM INTERNATIONAL TRADE THEORY The Evolution of International Trade Theory The Heckscher-Ohlin Theory Critique PART II: THE SYSTEMIC THEORY OF VALUE Diachronic vs. Synchronic Labour Input: The Two-Century Old Misunderstanding The Employment Effect The Replacement Effect The Interplay of Employment and Replacement Effects The Traverse PART III: THE BASIC THREE-INDUSTRY MODEL Stationary Economy The Wage-Rental Curve PART IV: AN ALTERNATIVE THEORY Three Models Intraindustry Trade Four Hypotheses PART V: THE GAINS FROM TRADE The Pattern of Specialization The Gains from Trade Unequal Exchange PART VI: TARIFFS Tariffs and Subsidies Customs Union References Index
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