Dogaru, Vasile (2005): The general validity of comparative advantage in trade exchanges. Published in: Romanian Economic Review , Vol. 49-50, No. 2004-2005 (2005): pp. 171-198.
Download (174kB) | Preview
In a recent article, Alan Deardorff (2005) analyses the strength of the comparative advantage’s principle. The present article’s purpose is to follow the generalization of some recent results (Dogaru, 2000; 2005b) and also to sustain the unification’s necessity of some comparative advantage’s presentation drafts, in the analytical economy’s basis. This way the statement of real assumptions inside economics can be assured, connected to processes developed in an extended economic time and space. From this perspective comparative advantage’s analysis is necessary due to the existence of the tendency in which once with some new instruments’ creations, usually more formal and using a mathematical instrument more sophisticated, the validity of comparative advantage’s classic principle would be denied. The idea of introducing the validity of the comparative advantage’s principle in the trade exchanges – considered by Samuelson versus Stanislaw Ulam an accepted truth by all economists (and not only) as being un undemonstrated one – is not a productive one from an analytical point of view, which could contribute to the economics’ development.
|Item Type:||MPRA Paper|
|Original Title:||The general validity of comparative advantage in trade exchanges|
|Keywords:||comparative advantage; production possibilities frontier; Manoilescu; Mises; cooperation law; individual/national interest; equity principle; analytical economicity|
|Subjects:||D - Microeconomics > D6 - Welfare Economics > D63 - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
C - Mathematical and Quantitative Methods > C7 - Game Theory and Bargaining Theory > C78 - Bargaining Theory ; Matching Theory
D - Microeconomics > D6 - Welfare Economics > D61 - Allocative Efficiency ; Cost-Benefit Analysis
Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q0 - General > Q01 - Sustainable Development
A - General Economics and Teaching > A1 - General Economics > A11 - Role of Economics ; Role of Economists ; Market for Economists
|Depositing User:||Vasile DOGARU|
|Date Deposited:||02. Mar 2008 18:29|
|Last Modified:||17. Feb 2013 17:36|
Atkinson Tonny. 2001. Inequality, Poverty and the Welfare State: A European Perspective on the Globalisation Debate, Nuffield College Oxford, UK. (electronic version; author’s site, 2003) Atkinson Tonny. 2002. Reassessing the Fundamentals: Social Inclusion and the European Union Journal of Common Market Studies, volume 40(4), 2002. Blaug, Mark. 2001. No History of Ideas, Please, We’re Economists, Journal of Economic Perspectives, volume 15(1), Winter 2001, pp. 145-164. Buchanan, James, James, Tullock, M. Gordon (1975). The Limits of Liberty. Between Anarcy and Leviathan, Iasi, Institutul European Publishing House, 1997. Bureau of Labor Statistics of DOL. 1997. Handbook of Methods, April 1997, Department of Labor, Washington. Chipman, John S. 1965. A Survey of the Theory of International Trade: Part 1, The Classical Theory, Econometrica, July 1965, 33(3), pp. 477-519. Chipman, John S. 1965a. A Survey of the Theory of International Trade: Part 2, The Neo-Classical Theory, Econometrica, October 1965, 33(4), pp. 685-760. Chipman, John S. 1965b. A Survey of the Theory of International Trade: Part 3, The Modern Theory, Econometrica, January 1966, 34(1), pp. 18-76. Deardorf, Alan. 2005. How Robust is Comparative Advantage, Paper prepared for a session of the 2005 AEA meetings, “On the 75 th Anniversary of the Opportunity Cost Formulation of Comparative Advantage,” January 7, 2005 (site of author). Dogaru, Vasile. 2000. The Theoretical Scheme of International Trade. The Generalization of Mihail Manoilescu’s Formula, Romanian Statistics Magazine, July 2000, pp. 48-65. Dogaru, Vasile. 2002. The Limits of the Total and Partial Relative Advantage in the International Exchange of Two Products, in Conference Proceedings Section 4 Statistics, Economic Analysis, Data Processing, Mathematics, Tg Jiu, Academica Brancusi, 2002, pp. 173-182. Dogaru, Vasile. 2003a. The theoretic scheme of comparative advantage in barter exchange - a note, in volume International Conference „The Role of Science and Formation for Economic Reform within republic of Moldova” (2003, 25-26 September), volume II, Chisinau, Publishing Department of Academy of Economic Studies, pp. 698-705. Dogaru, Vasile. 2003b. The Comparative Advantage in Domestic Exchanges and the Boundary of Output Possibilities, Romanian Statistics Magazine, No. 4, 2003, pp. 66-83. _____ . 2004a. Analyse of comparative advantage using cost trade and money, in Some Problems of Statistics. Trend of social-economic process and phenomena, Iasi, Junimea Publishing House, pp. 210-211. Dogaru, Vasile. 2004b. The Basics of Trade (coursebook), Timisoara, Eurostampa Publishing House. Dogaru, Vasile. 2005a. Relation between absolute and comparative advantage – a note, Proceedings of the 2nd International Scientific Conference, vol. I, Craiova, Universitaria, June 2005, pp. 35-40. Dogaru, Vasile. 2005b. The comparative advantage’s study in Manoilescu generalised scheme, Romanian Journal of Economic Forecasting, no. 3, 2005. Epping, Randy Charless. 2001. A beginner’s guide to the world economy, Vintage Books, A Division of Random House, Inc., New York), Bucharest, Arc Publishing House, 2002. Florian, Mircea. 1983. Recession as a World Structure), Bucharest, Eminescu Publishing House, Tome I. Georgescu-Roegen, Nicholas. 1971. The Entropy Law and the Economic Process, Harvard University Press, Cambridge, Massachusetts), Bucharest: Editura Politica, 1979. Georgescu-Roegen, Nicholas. 1967. New economy of Chamberlin and production unit, in Analitical Economy, tome 4.1, Bucharest, Expert Publishimg House, pp 165-201, 2000. Haavelmo, Trygve. 1950. The Notion of Involuntary Economic Decision, Econometrica, 18(1), pp 1-8. Hagen, Everett E. 1958. An Economic Justification of Protection, Quarterly Journal of Economics, 72(4), pp. 496-514. Harrigan, James, Evans, Carolyn L. 2003. Distance, Time, and Specialization, Working Paper 9729, http://www.nber.org/papers/w9729, National Bureau of Economic Research, Cambridge, MA 02138. Hausman, M. Daniel (coord). 1984. The Philosophy of Economics – An Anthology, Cambridge University Press), Bucharest, Humanitas, 1993. Korten, David. 1999. The Post-Corporate World – Life after Capitalism, The People-Centered Developed Forum), Bucharest, Antet XX Press, without year. Kravis Irving B, Kenessey, Zoltan, Heston, Alan, Summers, Robert (KKHS). 1975. A System of International Comparisons of Gross Product and Purchasing Power, Baltimore: The John Hopkins University Press. Manoilescu, Mihail. 1937. Die nationalen Producktivkräfte und der Aussenhandel. Theorie des internationalen Warenaustausches, 400pp, Junker und Dünnhaupt, Verlag, Berlin, 1937) , Bucharest, Editura Stiintifica si Enciclopedica, 1986. McKenzie, Lionel W. 1953. Specialisation and Efficiency in World Production, Review of Economic Studies, 21(3), pp. 165-170. McKenzie, Lionel W. 1955. Specialisation in Production and the Production Possibility Locus, Review of Economic Studies, 23 (1), pp. 56-64. Metzler, Lloyd A. 1950. Graham’s Theory of International Values, The American Economic Review, 40 (3), pp. 302-323. Mises, Ludwig von. 1949. Human Action, San Francisco, Fox and Wilkes, 1996. Palgrave, The New. A Dictionary of Economics, Vol I-IV (PAL), Eatwell, J. and others (eds.), 1988, London, The Macmillan Press Limited, 1998. Ricardo, David. 1817. Selected Works, Bucharest, Publishing House of the Romanian Academy, 1959. Smith, Adam. 1789. The Whealth of Nations, Chisinau, Universitas Publishing House, 1992. Triplett Jack E. 2004. Handbook on Hedonic Indexes and Quality Adjustments in Price Indexes: Special Application to Information Technology Products, Statistical Analysis of Science, Technology and Industry, DSTI/DOC (2004)9, OECD, 2004. Viner, Jacob. 1937. Studies in the Theory of International Trade, Harper and Brothers Publishers. New York, 1937. Whitin, T.M. 1953.Classical Theory, Graham’s Theory, and Linear Programming in International Trade, Quarterly Journal of Economics, 67(4), pp. 520-544. World Resources Institute (WRI). 2000. The Weight of Nations, Material Outflows from Industrial Economies, New York: World Resources Institute.