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Books > Business & Economics > Economics > Macroeconomics
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International Trade Theory - Capital, Knowledge, Economic Structure, Money, and Prices over Time (Paperback, Softcover reprint of hardcover 1st ed. 2008)
Loot Price: R4,646
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International Trade Theory - Capital, Knowledge, Economic Structure, Money, and Prices over Time (Paperback, Softcover reprint of hardcover 1st ed. 2008)
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The development of international trade theory has created a wide
array of different theories, concepts and results. Nevertheless,
trade theory has been split between partial and conflicting
representations of international e- nomic interactions. Diverse
trade models have co-existed but not in a structured relationship
with each other. Economic students are introduced to international
economic interactions with severally incompatible theories in the
same course. In order to overcome incoherence among multiple
theories, we need a general theoretical framework in a unified
manner to draw together all of the disparate branches of trade
theory into a single - ganized system of knowledge. This book
provides a powerful - but easy to operate - engine of analysis that
sheds light not only on trade theory per se, but on many other dim-
sions that interact with trade, including inequality, saving
propensities, education, research policy, and knowledge. Building
and analyzing various tractable and flexible models within a
compact whole, the book helps the reader to visualize economic life
as an endless succession of physical ca- tal accumulation, human
capital accumulation, innovation wrought by competition, monopoly
and government intervention. The book starts with the traditional
static trade theories. Then, it develops dynamic models with
capital and knowledge under perfect competition and/or monopolistic
competition. The uniqueness of the book is about modeling trade
dyn- ics.
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