The Theory of International Trade

Figures Preface Symbols Abbreviations Introduction PART I: THE MAINSTREAM INTERNATIONAL TRADE THEORY The Evolution of International Trade Theory The Heckscher-Ohlin Theory Critique PART II: THE SYSTEMIC THEORY OF VALUE Diachronic vs. Synchronic Labour Input: The Two-Century Old Misunderstanding The Employment Effect The Replacement Effect The Interplay of Employment and Replacement Effects The Traverse PART III: THE BASIC THREE-INDUSTRY MODEL Stationary Economy The Wage-Rental Curve PART IV: AN ALTERNATIVE THEORY Three Models Intraindustry Trade Four Hypotheses PART V: THE GAINS FROM TRADE The Pattern of Specialization The Gains from Trade Unequal Exchange PART VI: TARIFFS Tariffs and Subsidies Customs Union References Index