International Trade and Economic Growth in Open Economies: The Classical Dynamics of Hume, Smith, Ricardo and MalthusEdward Elgar, 2002 - 186 páginas In this enlightening book, John Berdell addresses the widely-held belief that classical economics distanced itself from policy issues and public debates regarding the effects of international trade on economic growth in advanced economies. He argues, through a detailed consideration of the evolution and structure of Hume's, Smith's, Ricardo's and Malthus' analyses, that it is not only contemporary international economic theory which takes account of these issues. Berdell uses a series of non-linear dynamic models to illustrate and analyse important aspects of each author's discussion of the interactions between trade and growth. The findings are then extended to create a comparison of the classical models with recent empirical research in this area. Berdell suggests that John Stuart Mill's plan to synthesise and extend Hume's, Smith's and Ricardo's analysis of commercial society was rendered intractable by the limitations of Hume's associationalist psychology. This work will be of great interest to both historians of economic ideas and economists concerned with modelling the interactions between growth and international trade. |
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... demand and profits in Malthus is consonant with Sowell's ( 1963 ) view that the general glut controversy was over the rate of growth and the incentives to further increases in output , rather ... Effective demand and technical change 109.
... effective demand it is important to at least tentatively situate that principle against Keynes's writings . As formulated here Malthus's model is ' Keynesian ' but it is considerably closer to ... Effective demand and technical change 111.
... ( effective demand ) rather than the ' limiting ' principle of profits ( Ricardo's ) was often the binding constraint on growth . The movement of the profit rate and wages in these systems reflects Malthus's opinion that effective demand ...
Contenido
Cosmopolitan and International | 1 |
Hume and the Case for Freer Trade | 15 |
Adam Smith and the Ambiguity of Nations | 30 |
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International Trade and Economic Growth in Open Economies: The Classical ... John Berdell Vista previa limitada - 2002 |
International Trade and Economic Growth in Open Economies: The Classical ... John Berdell Vista de fragmentos - 2002 |
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Referencias a este libro
Achieving Economic Development in the Era of Globalization Shalendra D. Sharma Sin vista previa disponible - 2008 |