International Trade and Economic Growth in Open Economics
Subtitle: The Classical Dynamics of Hume, Smith, Ricardo and Malthus
Publisher: Edward Elgar Publishing; Edward Elgar; E. Elgar Pub.
Published: May 2002
Language: eng
Format: Hardcover
Number of pages: 186
ISBN-13: 9781858981642
Subjects: Economic theory & philosophy; International economics; Business & Economics; Business / Economics / Finance; Business/Economics; Development - Economic Development; International - Economics; Classical school of economics; Economic development; International trade
Description: "In this book, John Berdell addresses the widely-held belief that classical economics distanced itself from policy issues and public debates regarding the effects of international trade on economic growth in advanced economies. He argues, through a detailed consideration of the evolution and structure of Hume's, Smith's, Ricardo's and Malthus' analyses, that it is not only contemporary international economic theory which takes account of these issues."

"Berdell uses a series of non-linear dynamic models to illustrate and analyse important aspects of each author's discussion of the interactions between trade and growth. The findings are then extended to create a comparison of the classical models with recent empirical research in this area. Berdell suggests that John Stuart Mill's plan to synthesise and extend Hume's, Smith's and Ricardo's analysis of commercial society was rendered intractable by the limitations of Hume's associationalist psychology." "This work will be of great interest to both historians of economic ideas and economists concerned with modelling the interactions between growth and international trade."--Jacket.