Is Ricardo's Essay on Profits a Precursor of the New Trade Theory?
This paper carefully analyzes a passage of Ricardo’s Essay on Profits ([1815] 1923), which suggests that he clearly understood the effects of both interindustry as well as intraindustry trade. In the context of the Essay model, Ricardo argues that free interindustry trade involving an exchange of ma...
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| Format: | text |
| Language: | English |
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Institutional Knowledge at Singapore Management University
2002
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| Online Access: | https://ink.library.smu.edu.sg/soe_research/1188 https://ink.library.smu.edu.sg/context/soe_research/article/2187/viewcontent/Hoon_JIEDec2002.pdf |
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| Institution: | Singapore Management University |
| Language: | English |