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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... labour , in which consists all real power and riches ' ( Essays , 288 ) . 24 Hume's History actually uses the rate of inflation as an indicator of commercial development , for instance , in its discussion of the development of commerce ...
... labour , in which con- sists all real power and riches . ( Essays , 288 ) In short , a government has great reason ... labor participation rate , but only because Hume's discussion of population dynamics and productivity advance is too ...
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 |