Titlebook: Developments of International Trade Theory; Takashi Negishi Book 2014Latest edition Springer Japan KK 2014 Historical Development.Internat

过滤

Specie-Flow Mechanismport surplus were based on an intellectual confusion. The classical refutation of the mercantilist principle is derived from the so-called Cantillon–Hume price-specie-flow mechanism. By this mechanism an inflow of bullion raises domestic prices, and selling dear and buying cheap tends to turn the ba

思乡病

Adam Smith and Division of Labore land and labor of the society (Smith 1776, p. 12). According to Smith, furthermore, the high productivity of labor in civilized and thriving nations seems to have been the effects of the division of labor. International trade certainly pre-supposes the division of labor among different countries.