A New Construction of Ricardian Theory of International Values

Analytical and Historical Approach

Business & Finance, Economics, Theory of Economics
Cover of the book A New Construction of Ricardian Theory of International Values by , Springer Singapore
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: ISBN: 9789811001918
Publisher: Springer Singapore Publication: March 30, 2017
Imprint: Springer Language: English
Author:
ISBN: 9789811001918
Publisher: Springer Singapore
Publication: March 30, 2017
Imprint: Springer
Language: English

This is the first book published in English on the new international value theory, presented by Yoshinori Shiozawa in 2007. Shiozawa submitted a solution to the question on international values since Ricardo by constructing a Ricardo–Sraffa model on trading economies with M countries and N commodities including intermediate inputs (normally M < N). The new theory is based on the assumption that prices are determined by production costs, which is the property derived from the classical value theory. The papers collected here deal with the following: introducing readers to the new theory; presenting diagrammatic illustrations of the new theory; analysing efficient patterns of specialization allowing intermediate inputs; examining how the new theory gives a new horizon to the Neo-Ricardian trade theory; investigating competitiveness, the long-period method, and potentiality from the perspectives of the new theory; discussing Mill's conversion toward neoclassical revolution; scrutinizing how the concept of comparative advantage has developed and diverged from Ricardo’s trade theory; discussing the purification of Marshall's value theory through Mill’s influence; reviewing the controversies on international values among Japanese economists; considering the value-added trade based on the Ricardian value theory; and lastly giving a mathematical explanation of the definitions and theorems of the new theory.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

This is the first book published in English on the new international value theory, presented by Yoshinori Shiozawa in 2007. Shiozawa submitted a solution to the question on international values since Ricardo by constructing a Ricardo–Sraffa model on trading economies with M countries and N commodities including intermediate inputs (normally M < N). The new theory is based on the assumption that prices are determined by production costs, which is the property derived from the classical value theory. The papers collected here deal with the following: introducing readers to the new theory; presenting diagrammatic illustrations of the new theory; analysing efficient patterns of specialization allowing intermediate inputs; examining how the new theory gives a new horizon to the Neo-Ricardian trade theory; investigating competitiveness, the long-period method, and potentiality from the perspectives of the new theory; discussing Mill's conversion toward neoclassical revolution; scrutinizing how the concept of comparative advantage has developed and diverged from Ricardo’s trade theory; discussing the purification of Marshall's value theory through Mill’s influence; reviewing the controversies on international values among Japanese economists; considering the value-added trade based on the Ricardian value theory; and lastly giving a mathematical explanation of the definitions and theorems of the new theory.

More books from Springer Singapore

Cover of the book A Century of Plant Virology in India by
Cover of the book Phase II Clinical Development of New Drugs by
Cover of the book Networking Communication and Data Knowledge Engineering by
Cover of the book Advances in Soil Microbiology: Recent Trends and Future Prospects by
Cover of the book The Divided City and the Grassroots by
Cover of the book Introduction to Stochastic Calculus by
Cover of the book Therapeutic and Diagnostic Nanomaterials by
Cover of the book Intelligent Decision Technologies 2019 by
Cover of the book Comparative Hong Kong Politics by
Cover of the book The Reconstruction of Modality in Chinese-English Government Press Conference Interpreting by
Cover of the book Studies on Economic Development and Growth in Selected African Countries by
Cover of the book Social Media Processing by
Cover of the book Signal Analysis of Hindustani Classical Music by
Cover of the book Data Science by
Cover of the book Discrete Optimization in Architecture by
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy