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International Trade and Economic Growth in Open Economies - The Classical Dynamics of Hume, Smith, Ricardo and Malthus (Hardcover, illustrated edition)
Loot Price: R3,028
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International Trade and Economic Growth in Open Economies - The Classical Dynamics of Hume, Smith, Ricardo and Malthus (Hardcover, illustrated edition)
Expected to ship within 10 - 15 working days
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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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