IV. The Classical Theory of International Trade
THE CLASSICAL THEORY OF INTERNATIONAL TRADE
1. The Argument for a Separate Theory for International Trade
In the two preceding chapters we have described the development of the doctrines concerning the monetary aspect of the problem of international price relationships up to the middle of the nineteenth century. But these doctrines hardly deal with an important element, viz. the real aspect of the problem.
V. Post-Classical Development of the Monetary Aspects of the Theory of International Price Relationships: 1848–1918
POST-CLASSICAL DEVELOPMENT OF THE MONETARY ASPECTS OF THE THEORY OF INTERNATIONAL PRICE RELATIONSHIPS: 1848–1918
1. The Controversy concerning the Gold Discoveries of 1848–1851
About the middle of the nineteenth century the economic structure all over the world was affected by a series of events among which were the new discoveries of gold in California (1848) and in Australia (1851).
VI. Developments Since 1918: Theories of the Exchanges Under Depreciated Currencies
DEVELOPMENTS SINCE 1918: THEORIES OF THE EXCHANGES UNDER DEPRECIATED CURRENCIES
1. Preliminary Remarks
The development of the theory of international price relationships since the Great War has been associated mainly with two important controversies: that in regard to the exchanges of depreciated currencies and that in regard to the transfer problem.
VII. Developments Since 1918: The Transfer Problem
DEVELOPMENTS SINCE 1918: THE TRANSFER PROBLEM
1. Theories of Transfer and Their Developments Before the Great War
Another problem which had been much discussed during the post-War period was the transfer problem.
VIII. Developments Since 1918: Attempts To Extend The Mutual Interdependence Theory of Pricing to the Domain of International Economics
DEVELOPMENTS SINCE 1918: ATTEMPTS TO EXTEND THE MUTUAL INTERDEPENDENCE THEORY OF PRICING TO THE DOMAIN OF INTERNATIONAL ECONOMICS
1. The Case of Joint Production and the Problem of General Equilibrium
Most of the doctrines that we have described in the preceding chapters are based upon a hypothesis of simple production, i.e. production with only one scarce factor, viz. homogeneous labour. This study would be incomplete if we do not take into consideration also the case of joint production, i.e.
IX. Conclusion
CONCLUSION
1. The Present Position of the Theory of International Price Relationships
The subject of international price relationships, as pointed out in the first chapter, comprehends four distinct problems, viz.
Bibliography
Abbreviations used
| A.E.R. | American Economic Review. |
| A.E.S.S. | American Encyclopedia of Social Sciences. |
| An. | Annuals of American Academy of Political and Social Sciences. |
| E.J. | Economic Journal. |
| Econ. | Economica. |
| Economet. | Econometrica. |
| J.A.S. |
Index of Subjects
Balance of Payments, 102, 248–9, 288 f.
———items in, see Balance of Trade; Invisible Items
———natural tendency of equilibrium in, 8, 10, 18 n., 97 f., 99, 102, 103, 104, 108, 109 f., 133 n., 151 f., 228, 229, 245, 248 f., 296 f., passim
———disturbances in, see Disturbances, etc.
———mechanism of adjustment of, see Transfer Problem.
———and rate of exchanges, 8, 9, 24, 50, 89, 97–8, 105, 111, 119, 120, 204, 204 n., 240, 247, 248, 280, 319–320
Index of Names
Acquinas, T., 16 n.
Adarkar, B. P., 341
Addington, H., 101
Aftalion, A., 140 n., 249, 249 n., 341, 342
Ambedkar, B. R., 342
Amoroso, L., 304
Anderson, B. M., 285, 342
Andréadès, A., 84 n., 328
Angas, L. L. B., 342
Angell, J. W., 27 n., 54 n., 77 n., 84 n., 87 n., 133 n., 304 n., 314, 342
Angell, N., 279 n., 335
Arnauné, F. A., 335
Asgill, J., 56 n., 323
Ashley, W. J., 142 n., 323
Attwood, T., 329
Auspitz, R., 175, 335
The Vampire Economy
