Ricardo And International Trade (routledge Studies In The History Of Economics)

David Ricardo’s theories have been widely studied and discussed, including the prominent theory on comparative advantage. __Ricardo and International Trade__ looks at the ongoing renaissance of the Ricardian international trade theory. The book’s interpretation brings fresh insights into and new developments on the Ricardian international trade theory by examining the true meaning of the ‘four magic numbers’. By putting together theories of comparative advantage and international money, the book attempts to elucidate Ricardo’s international trade theory in the real world. This book also features contributions from the Japanese perspective and compares Ricardian theories with those of his contemporaries, such as Malthus, Torrens and J. S. Mill. This book will be a valuable reference for researchers and scholars with interests in history of economic thought and international economics. Cover 1 Title 4 Copyright 5 Contents 6 List of figures 8 List of tables 9 List of contributors 10 Introduction: Ricardo’s international trade theory 200 years on 12 Part I Ricardo’s ‘four magic numbers’ and beyond 18 1 A plain man’s guide to David Ricardo’s principle of comparative advantage 20 2 Ricardo and international trade theory 31 3 David Ricardo’s trade theory: anticipations and later developments 44 4 Yukizawa’s interpretation of Ricardo’s ‘theory of comparative costs’ 59 5 The Ricardian system: a graphical exposition 71 Part II Money and/or international values 94 6 A calm investigation into Mr Ricardo’s principles of international trade 96 7 Money and Ricardo’s “magic numbers” 131 8 Foreign trade, international values, and gains from trade: Ricardo, Pennington, Whewell, and John Stuart Mill 150 9 Equilibrium in the international economy: Ricardo’s specie flow mechanism – logic and development 175 10 On Ricardo’s two rectification problems 206 Part III Controversies over Ricardian international trade theory and policy 228 11 Foreign trade, profits, and growth: a comparative study of Ricardo and Malthus 230 12 J. S. Mill’s idea of international trade: the inheritance from Ricardo’s free trade and Torrens’ reciprocity 248 13 Ricardo and the Committee on Agricultural Distress of 1821 265 Index 284 Edited By Shigeyoshi Senga, Masatomi Fujimoto, And Taichi Tabuchi. Includes Bibliographical References And Index.