Isbn: 9781330296172 - the Theory of International Trade (classic Reprint): with Some of Its Applications to Economic Policy: with Some of Its Applications to Economic Policy (classic Reprint) (3 results)

PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000.

PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000.

Paperback. Condition: New. Print on Demand. This book establishes a theory of international trade, built on a foundation of insights from classical political economy, with applications and consequences that are both enduring and relevant. The author postulates a basic and historically rooted distinction between nations as distinct from individuals, as the basis for theorizing on international trade value. The author argues that this concept of separate nations is both analytical and reflective of real-world conditions. The book's reasoning is grounded on the assumption that the mobility of labor and capital between nations is imperfect, which creates a special set of conditions for understanding exchange. Building on this, the author contends that the law of comparative cost is the main condition needed to establish a framework for international trade. The author's insights on international trade reveal the essential role of increased utility as the driver of trade, making this book a valuable resource for understanding a phenomenon critical to global economies. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item.…