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This book offers a comprehensive and insightful reflection on David Ricardo's ingenious theory of international trade. Divided into three parts, Part I presents the "birthday boy", his concept and the many applications and insights that have been derived from it, particularly in modern times. Part II explores in depth important aspects of the Ricardian trade theory through the eyes and experience of leading experts on international trade theory, taking into account the latest research in the field. Lastly, Part III discusses current challenges of globalization in the light of Ricardian trade theory and includes the original "On Foreign Trade" written and published by David Ricardo in 1817.
List of contents
Introduction: Celebrating 200 Years of Ricardian Trade Theory.- Part I David Ricardo and the Ricardian Trade Theory: 1817 to Today.- David Ricardo: His Personality, his Time and his Principles.- David Ricardo's "On Foreign Trade": The Original Idea.- The Standard Ricardian Trade Model.- The Ricardian Trade Theory: Implications and Applications.- Part II Scientific Conference "Celebrating 200 Years Ricardian Trade Theory" on May 12, 2017 at the University of Basel in Switzerland.- The Main Contribution of the Ricardian Trade Theory.- Comments on "The Main Contribution of the Ricardian Trade Theory" by Ronald W. Jones.- Discussion about "The Main Contribution of the Ricardian Trade Theory".- Mill and Ricardo: The Genesis of Comparative Advantage.- Comments on "Mill and Ricardo: The Genesis of Comparative Advantage" by Roy J. Ruffin.- Discussion about "Mill and Ricardo: The Genesis of Comparative Advantage".- Putting Ricardian Trade Theory to Work in 2017: Current Empirical Analyses.-Comments on "Putting Ricardian Trade Theory to Work in 2017: Current Empirical Analyses" by Jonathan Eaton.- Short Discussion about "Putting Ricardian Trade Theory to Work in 2017: Current Empirical Analyses".- The Relevance of Ricardian Trade Theory for the Political Economy of Trade Policy.- What Next for Ricardo? Incorporating More Trade Distortions.- 200 Years of Ricardian Trade Theory: The Missing Dynamics.- Final Panel Discussion: Wilfred J. Ethier, Simon Evenett, Esteban Rossi-Hansberg and Rolf Weder.- Part III Back to the Future: Challenges of 2017 and the Original Idea of 1817.- Current Challenges of Globalization in the Light of the Ricardian Trade Theory.- On Foreign Trade. Chapter VII of On the Principles of Political Economy and Taxation (1817).
About the author
Ronald W. Jones Professor of International Economics, Department of Economics, University of Rochester (USA), and the author of more than 150 scientific articles in international trade theory in peer-reviewed economics journals. He has also written several books, including the undergraduate textbook of World Trade and Payments: An Introduction (10th edition) (Co-Author with Richard Caves and Jeffrey Frankel (Pearson)), and Globalization and the Theory of Input Trade, reflecting his Ohlin Lectures in 2000 (MIT Press).
Rolf Weder Professor of International Trade and European Integration, Faculty of Business and Economics, University of Basel (Switzerland). He has published numerous scientific articles on international economics, European integration and Swiss economic policy in peer-reviewed journals. He is the author of a number of books (in German), including International Competitive Advantages: A Strategic Concept for Switzerland (Co-Author with Silvio Borner, Michael E. Porter and Michael Enright (Campus)) and Switzerland and the EU (with Beat Spirig (NZZ Libro)).
Summary
Brings together relevant key information on Ricardian trade theory and comparative advantage
Addresses a broad audience interested in the current and future development of international trade theory including undergraduate and graduate students
Offers an intellectual journey from the emergence of the theory to possible future developments and displays different views from renowned economists
