The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Foreign Trade

  • Ian Steedman
Reference work entry
DOI: https://doi.org/10.1057/978-1-349-95189-5_651

Abstract

The pure theory of trade constitutes, in principle, no more than an application of the general theory of value, distribution and resource allocation. It follows at once, of course, both that each possible approach to general economic theory has its corresponding theory of trade and that any changes or developments in general theory must have implications for the theory of international trade. In particular, this is true of certain debates over value, distribution and capital goods which flourished in the 1960s, following the publication of Piero Sraffa’s Production of Commodities by Means of Commodities (1960).

This is a preview of subscription content, log in to check access.

Bibliography

  1. Ethier, W.J. 1979. The theorems of international trade in time-phased economies. Journal of International Economics 9(2): 225–238.CrossRefGoogle Scholar
  2. Mainwaring, L. 1974. A neo-Ricardian analysis of international trade. Kyklos 27(3): 537–553. Reprinted in Steedman (1979b).CrossRefGoogle Scholar
  3. Mainwaring, L. 1976. Relative prices and ‘factor price’ equalisation in a heterogeneous capital goods model. Australian Economic Papers 15(26): 109–118. Reprinted in Steedman (1979b).CrossRefGoogle Scholar
  4. Mainwaring, L. 1978. The interest rate equalisation theorem with nontraded goods. Journal of International Economics 8(1): 11–19. Reprinted in Steedman (1979b).CrossRefGoogle Scholar
  5. Metcalfe, J.S., and I. Steedman. 1972. Reswitching and primary input use. Economic Journal 82: 140–157. Reprinted, with minor corrections, in Steedman (1979b).CrossRefGoogle Scholar
  6. Metcalfe, J.S., and I. Steedman. 1973. Heterogeneous capital and the Heckscher-Ohlin-Samuelson theory of trade. In Essays in modern economics, ed. J.M. Parkin. London: Longman. Reprinted in Steedman (1979b).Google Scholar
  7. Metcalfe, J.S., and I. Steedman. 1974. A note on the gain from trade. Economic Record 50: 581–595.CrossRefGoogle Scholar
  8. Metcalfe, J.S., and I. Steedman. 1981. On the transformation of theorems. Journal of International Economics 11(2): 267–271.CrossRefGoogle Scholar
  9. Montet, C. 1979. Reswitching and primary input use: A comment. Economic Journal 89: 642–647.CrossRefGoogle Scholar
  10. Parrinello, S. 1979. Distribution, growth and international trade. In Steedman (1979b).Google Scholar
  11. Pasinetti, L.L. 1977. Lectures on the theory of production. London: Macmillan.CrossRefGoogle Scholar
  12. Quarterly Journal of Economics. 1966. Symposium on paradoxes in capital theory. Quarterly Journal of Economics 80(4): 503–583.CrossRefGoogle Scholar
  13. Ricardo, D. 1817. In Principles of political economy and taxation, ed. P. Sraffa. Cambridge: Cambridge University Press, 1951.Google Scholar
  14. Samuelson, P.A. 1948. International trade and the equalization of factor prices. Economic Journal 58: 163–184.CrossRefGoogle Scholar
  15. Samuelson, P.A. 1949. International factor-price equalization once again. Economic Journal 59: 181–197.CrossRefGoogle Scholar
  16. Samuelson, P.A. 1975. Trade pattern reversals in time-phased Ricardian systems and intertemporal efficiency. Journal of International Economics 5(4): 309–363.CrossRefGoogle Scholar
  17. Smith, M.A.M. 1979. Intertemporal gains from trade. Journal of International Economics 9(2): 239–248.CrossRefGoogle Scholar
  18. Sraffa, P. 1960. Production of commodities by means of commodities. Cambridge: Cambridge University Press.Google Scholar
  19. Steedman, I. 1979a. Trade amongst growing economies. Cambridge: Cambridge University Press.Google Scholar
  20. Steedman, I. (ed.). 1979b. Fundamental issues in trade theory. London: Macmillan.Google Scholar
  21. Steedman, I. 1979c. The von Neumann analysis and the small open economy. In Steedman (1979b).Google Scholar
  22. Steedman, I., and J.S. Metcalfe. 1973a. On foreign trade. Economia Internazionale 26(3–4): 516–528. Reprinted in Steedman (1979b).Google Scholar
  23. Steedman, I., and J.S. Metcalfe. 1973b. The non-substitution theorem and international trade theory. Australian Economic Papers 12(21): 267–269. Reprinted in Steedman (1979b).CrossRefGoogle Scholar
  24. Steedman, I., and J.S. Metcalfe. 1977. Reswitching, primary inputs and the Heckscher-Ohlin-Samuelson theory of trade. Journal of International Economics 7(2): 201–208. Reprinted in Steedman (1979b).CrossRefGoogle Scholar
  25. Steedman, I., and Metcalfe, J.S. 1979. The golden rule and the gain from trade. In Steedman (1979b).Google Scholar
  26. Wicksell, K. 1901. Lectures on political economy, vol. 1. Trans. E. Classen, ed. Lionel Robbins. London: G. Routledge and Sons, 1934.Google Scholar

Copyright information

© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • Ian Steedman
    • 1
  1. 1.