Free Trade And Absolute And Comparative Advantage
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Free Trade And Absolute And Comparative Advantage
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Author : Reinhard Schumacher
language : en
Publisher: Universitätsverlag Potsdam
Release Date : 2012
Free Trade And Absolute And Comparative Advantage written by Reinhard Schumacher and has been published by Universitätsverlag Potsdam this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012 with Political Science categories.
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.
An Inquiry Into The Nature And Causes Of The Wealth Of Nations
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Author : Adam Smith
language : en
Publisher:
Release Date : 1822
An Inquiry Into The Nature And Causes Of The Wealth Of Nations written by Adam Smith and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1822 with Economics categories.
On The Principles Of Political Economy And Taxation
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Author : David Ricardo
language : en
Publisher:
Release Date : 1821
On The Principles Of Political Economy And Taxation written by David Ricardo and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1821 with Economics categories.
Comparative Advantage In International Trade
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Author : Andrea Maneschi
language : en
Publisher: Edward Elgar Publishing
Release Date : 1998-01-01
Comparative Advantage In International Trade written by Andrea Maneschi and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998-01-01 with Business & Economics categories.
'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 Theory Of Comparative Advantage
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Author : 50minutes,
language : en
Publisher: 50 Minutes
Release Date : 2015-06-04
The Theory Of Comparative Advantage written by 50minutes, and has been published by 50 Minutes this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-06-04 with Business & Economics categories.
Why specialisation is the key to success This book is a practical and accessible guide to understanding and implementing the theory of comparative advantage, providing you with essential information and saving time. In 50 minutes you will be able to: • Master the notions of absolute and relative advantage rapidly • Specialise in producing goods or services for which you have the strongest, or least weak productivity compared to others. • Understand which are the strengths underlying the interactions of free trade at work within International trade. ABOUT 50MINUTES.COM| Management & Marketing 50MINUTES.COM provides the tools to quickly understand the main theories and concepts that shape the economic world of today. Our publications are easy to use and they will save you time. They provide both elements of theory and case studies, making them excellent guides to understand key concepts in just a few minutes. In fact, they are the starting point to take action and push your business to the next level.
The Global Free Trade Error
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Author : Ron Baiman
language : en
Publisher: Taylor & Francis
Release Date : 2017-02-24
The Global Free Trade Error written by Ron Baiman and has been published by Taylor & Francis this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-02-24 with Business & Economics categories.
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.
The Global Free Trade Error
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Author : Ron Baiman
language : en
Publisher: Routledge
Release Date : 2019-12-12
The Global Free Trade Error written by Ron Baiman and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-12-12 with categories.
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.
Globalization And The Myths Of Free Trade
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Author : Anwar Shaikh
language : en
Publisher: Routledge
Release Date : 2007-01-24
Globalization And The Myths Of Free Trade written by Anwar Shaikh and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-01-24 with Business & Economics categories.
Written by an international team of contributors this book is a critical examination of the ongoing enterprise of neoliberalism; its history, theory, practice, and most of all, of its outcomes.
Introduction To Business
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Author : Lawrence J. Gitman
language : en
Publisher:
Release Date : 2023-05-19
Introduction To Business written by Lawrence J. Gitman and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-05-19 with categories.
The Origins Of International Economics Classical Theory Of The Gains From Trade
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Author : Robert William Dimand
language : en
Publisher: Taylor & Francis
Release Date : 2004
The Origins Of International Economics Classical Theory Of The Gains From Trade written by Robert William Dimand and has been published by Taylor & Francis this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with Business & Economics categories.
A collection of materials reprinted from various sources.