In this enlightening 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,...
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In this enlightening 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 analyze important aspects of each author's discussion to the in
Includes bibliographical references (p. 153-177) and index
Electronic reproduction; Available via World Wide Web
Cover; Copyright; Contents; List of Figures and Tables; Key to Abbreviated References; Preface; 1 Historical Dynamics: Cosmopolitan and International ; I Vision and Analysis; II From Cosmopolitan to International; III A Language of the Past and Present?; Part I: From Cosmopolitan to International: Four Classical Visions of Commercial Openness; 2 Trading in Innovation: Hume and the Case for Freer Trade; I Economics and the Science of Man; II Hume as the Antidote to Mercantilism; III Trade Jealousy and Trade War; IV Towards an Economic Sociology of Technical Change
V The Present Relevance of Hume's Case for Freer Trade3 Trading Animosity: Adam Smith and the Ambiguity of Nations ; I A Projected Science and the 'Project' of an Empire; II Openness and Economic Growth: Hume's Problems and Smith's Solutions; III Growth of an Empire; IV Limits to 'Social' Growth?; V The Nation; 4 Stability and Openness: the Malthus-Ricardo Debate ; I Advanced Economies; II Malthus the Population Optimist; III Ricardo's 'Natural Progress'; IV Ricardo versus the Improvement of Agriculture; V Ricardo's Trade Theory; VI Malthusian Economics and Some of its Politics
VII Malthus on Trade and GrowthVIII Open Economic Growth?; Part II: Some Classical Dynamics of Open Economy Growth; 5 The Present Relevance of Hume's Open Economy Monetary Dynamics ; I Doctrines and Dynamics; II Hume's International Mechanism of Adjustment; III Monetarist or Keynesian Output and Price Dynamics?; IV Path Dependent Output Dynamics; VI Hume's Monetary Legacy; VII Appendix: Stability of the Real System; 6 A Dynamic Model of the Division of Labor and the Extent of the Market ; I The Enduring Relevance of the Division of Labor
II Prominent Branches of the Division of Labor LiteratureIII The Extent of the Market; IV Two Cases of Trade and Growth; V Openness, Convergence, and Opinion; 7 Effective Demand and Technical Change in the Ricardo-Malthus Debate ; I Debating Technology, Distribution, and Demand; II The Principle of Effective Demand; III Alternative Formulations of the Principle and its Keynesian Content; IV The Principle of Population; V Technical Change, Agricultural Improvement, and Long-run Growth; VI Capital Accumulation and Population Growth Over Time; VII Policy in the Interests of Society
Concluding Thoughts8 Classical Political Economy: Back to Their Future? ; I The Changing Face of International Economics; IIA Rational Reconstruction and the Current Discipline; IIB Rational Reconstruction and Historical Reconstruction; IIC From Rational Reconstruction to Retrospective History; IID Intellectual Scale and Scope; IIIA What Happened to Psychology?; IIIB Human Nature and National Character Today; IIIC A Cautionary Ending; Bibliography ; Index