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- catalog abstract "This book seeks to develop an alternative paradigm of the theory of international trade. The mainstream neoclassical theory, which is based on the Hecksher-Ohlin-Samuelson theorem, is shown to be both logically contradictory and to fail to explain the real world. This theoretical and empirical refutation justifies the search for a new approach. Branko Horvat's approach is based on applying and developing the theory of value, to develop an approach which starts by analysing the economic system rather than with the behaviour of individual agents. The result is a systemic approach to international trade, developed in a concise, clear and empirically relevant way. The book draws on Branko Horvat's earlier work on developing an alternative theory of value in The Theory of Value, Capital and Interest, and shows how the theory can be developed from moving from a closed to an open economy model.".
- catalog contributor b11038041.
- catalog created "1999.".
- catalog date "1999".
- catalog date "1999.".
- catalog dateCopyrighted "1999.".
- catalog description "1. Introduction -- pt. I. The Mainstream International Trade Theory. 2. The Evolution of International Trade Theory. 3. The Heckscher-Ohlin Theory. 4. Critique. App. 1. Empirical evidence -- App. 2. Leamer's attempt at reconciliation of the theory with facts -- pt. II. The Systemic Theory of Value. 5. Diachronic vs Synchronic Labour Input: The Two-Century Old Misunderstanding. 6. The Employment Effect. 7. The Replacement Effect. 8. The Interplay of Employment and Replacement Effects. 9. The Traverse -- pt. III. The Basic Three-Industry Model. 10. Steady State. 11. The Wage-Rental Curve. App. 1. A note on price movements -- pt. IV. An Alternative Theory. 12. Three Models. 13. Intra-Industry Trade. 14. Four Hypotheses.".
- catalog description "Includes bibliographical references (p. 192-196) and indexes.".
- catalog description "The book draws on Branko Horvat's earlier work on developing an alternative theory of value in The Theory of Value, Capital and Interest, and shows how the theory can be developed from moving from a closed to an open economy model.".
- catalog description "This book seeks to develop an alternative paradigm of the theory of international trade. The mainstream neoclassical theory, which is based on the Hecksher-Ohlin-Samuelson theorem, is shown to be both logically contradictory and to fail to explain the real world. This theoretical and empirical refutation justifies the search for a new approach. Branko Horvat's approach is based on applying and developing the theory of value, to develop an approach which starts by analysing the economic system rather than with the behaviour of individual agents. The result is a systemic approach to international trade, developed in a concise, clear and empirically relevant way.".
- catalog extent "xvi, 202 p. :".
- catalog identifier "0312220030 (St. Martin's)".
- catalog identifier "0333734092 (Macmillan)".
- catalog issued "1999".
- catalog issued "1999.".
- catalog language "eng".
- catalog publisher "Basingstoke : Macmillan Press ; New York, N.Y. : St. Martin's Press,".
- catalog subject "382/.01 21".
- catalog subject "HF1379 .H675 1998".
- catalog subject "International trade Econometric models.".
- catalog tableOfContents "1. Introduction -- pt. I. The Mainstream International Trade Theory. 2. The Evolution of International Trade Theory. 3. The Heckscher-Ohlin Theory. 4. Critique. App. 1. Empirical evidence -- App. 2. Leamer's attempt at reconciliation of the theory with facts -- pt. II. The Systemic Theory of Value. 5. Diachronic vs Synchronic Labour Input: The Two-Century Old Misunderstanding. 6. The Employment Effect. 7. The Replacement Effect. 8. The Interplay of Employment and Replacement Effects. 9. The Traverse -- pt. III. The Basic Three-Industry Model. 10. Steady State. 11. The Wage-Rental Curve. App. 1. A note on price movements -- pt. IV. An Alternative Theory. 12. Three Models. 13. Intra-Industry Trade. 14. Four Hypotheses.".
- catalog title "The theory of international trade : an alternative approach / Branko Horvat.".
- catalog type "text".