This book brings together several essays on the current state of the theory of international trade. As the book's title suggests, the essays are critical of several major components of the existing theory; thus, the Ricardian principle of comparative advantage, the ancient and widely accepted belief that international free trade is potentially beneficial for all countries, and the more recently developed normative analysis of international transfers (foreign aid, war indemnities) are shown to be seriously defective.
This book brings together several essays on the current state of the theory of international trade. As the book's title suggests, the essays are critical of several major components of the existing theory; thus, the Ricardian principle of comparative advantage, the ancient and widely accepted belief that international free trade is potentially beneficial for all countries, and the more recently developed normative analysis of international transfers (foreign aid, war indemnities) are shown to be seriously defective.
Product Details
ISBN-13: | 9780415437653 |
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Publisher: | Taylor & Francis |
Publication date: | 05/12/2008 |
Series: | Routledge Studies in International Business and the World Economy |
Pages: | 240 |
Product dimensions: | 6.12(w) x 9.19(h) x (d) |