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The Resource The global free trade error : the infeasibility of Ricardo's comparative advantage theory, Ron Baiman

The global free trade error : the infeasibility of Ricardo's comparative advantage theory, Ron Baiman

Label
The global free trade error : the infeasibility of Ricardo's comparative advantage theory
Title
The global free trade error
Title remainder
the infeasibility of Ricardo's comparative advantage theory
Statement of responsibility
Ron Baiman
Creator
Subject
Language
eng
Summary
The doctrine of "free trade" is second only to that of "free markets" in undergirding ideological support for our current global economic structures and rules. From David Ricardo’s "comparative advantage principle" to James Meade’s Neoclassical or mainstream economics proof of self-adjusting free trade equilibrium, the free trade doctrine has had a lasting and destructive hold on Neoclassical economic thinking since its inception. The Global Free Trade Error provides a detailed analysis of these foundational models and counter-poses these to alternative Neo-Marxist "unequal exchange" models of global trade and finance. In the first part of the book the three core free trade models alluded to above are respectively demonstrated to be: overdetermined, inapplicable, and infeasible. In particular, Ricardo’s parable is shown to support managed trade rather than free trade as Ricardo and two centuries of economic texts have claimed. In the second part of the book, unequal exchange analyses of global trade are shown to provide logically coherent and useful insights into global trade and finance. In the third and final part of the book, this unequal exchange perspective is used, within a general "demand and cost" setting, to develop a set of global managed trade principles for a more equitable and sustainable world trade regime. This book will be of great interest to those who study political economy, history of economic thought, and international trade, including trade agreements and tariffs. --
Member of
Assigning source
Provided by publisher
Cataloging source
DLC
http://library.link/vocab/creatorDate
1951-
http://library.link/vocab/creatorName
Baiman, Ron
Illustrations
  • illustrations
  • maps
Index
index present
Literary form
non fiction
Nature of contents
bibliography
Series statement
Routledge frontiers of political economy
Series volume
225
http://library.link/vocab/subjectName
  • Free trade
  • Comparative advantage (International trade)
Label
The global free trade error : the infeasibility of Ricardo's comparative advantage theory, Ron Baiman
Instantiates
Publication
Bibliography note
Includes bibliographical references and index
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
ocn967919553
Dimensions
24 cm.
Extent
viii, 168 pages
Isbn
9781138852952
Lccn
2016044546
Media category
unmediated
Media MARC source
rdamedia
Media type code
  • n
System control number
(OCoLC)967919553
Label
The global free trade error : the infeasibility of Ricardo's comparative advantage theory, Ron Baiman
Publication
Bibliography note
Includes bibliographical references and index
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
ocn967919553
Dimensions
24 cm.
Extent
viii, 168 pages
Isbn
9781138852952
Lccn
2016044546
Media category
unmediated
Media MARC source
rdamedia
Media type code
  • n
System control number
(OCoLC)967919553

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