Overview
- First book in English about the new international value theory
- Shows that the classical value theory is valid in the case of international trade and broadens the applicability of the classical value theory
- Proposes new interpretations of the history of international trade theory from the point of view of the new international value theory
Part of the book series: Evolutionary Economics and Social Complexity Science (EESCS, volume 7)
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Table of contents (10 chapters)
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Front Matter
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General Introduction
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Front Matter
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Theoretical Topics in and about the New Theory
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Front Matter
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Re-Examining the History of International Trade Theory
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Front Matter
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Keywords
About this book
This is the first book published in English on the new international value theory, presented by Yoshinori Shiozawa in 2007. Shiozawa submitted a solution to the question on international values since Ricardo by constructing a Ricardo–Sraffa model on trading economies with M countries and N commodities including intermediate inputs (normally M < N). The new theory is based on the assumption that prices are determined by production costs, which is the property derived from the classical value theory. The papers collected here deal with the following: introducing readers to the new theory; presenting diagrammatic illustrations of the new theory; analysing efficient patterns of specialization allowing intermediate inputs; examining how the new theory gives a new horizon to the Neo-Ricardian trade theory; investigating competitiveness, the long-period method, and potentiality from the perspectives of the new theory; discussing Mill's conversion toward neoclassical revolution; scrutinizing how the concept of comparative advantage has developed and diverged from Ricardo’s trade theory; discussing the purification of Marshall's value theory through Mill’s influence; reviewing the controversies on international values among Japanese economists; considering the value-added trade based on the Ricardian value theory; and lastly giving a mathematical explanation of the definitions and theorems of the new theory.
Editors and Affiliations
About the editors
Tosihiro Oka, Professor, Fukui Prefectural University, oka@fpu.ac.jp, 4-1-1 Kenjojima, Matsuoka, Eiheiji-cho,Yoshida-gun, Fukui 910-1195, Japan
Taichi Tabuchi, Professor, Doshisha University, ttabuchi@mail.doshisha.ac.jp, Imadegawa, Kamigyo-ku, Kyoto 602-8580, Japan
Bibliographic Information
Book Title: A New Construction of Ricardian Theory of International Values
Book Subtitle: Analytical and Historical Approach
Editors: Yoshinori Shiozawa, Tosihiro Oka, Taichi Tabuchi
Series Title: Evolutionary Economics and Social Complexity Science
DOI: https://doi.org/10.1007/978-981-10-0191-8
Publisher: Springer Singapore
eBook Packages: Economics and Finance, Economics and Finance (R0)
Copyright Information: Springer Science+Business Media Singapore 2017
Hardcover ISBN: 978-981-10-0190-1Published: 10 April 2017
Softcover ISBN: 978-981-10-9099-8Published: 09 May 2018
eBook ISBN: 978-981-10-0191-8Published: 30 March 2017
Series ISSN: 2198-4204
Series E-ISSN: 2198-4212
Edition Number: 1
Number of Pages: X, 303
Number of Illustrations: 28 b/w illustrations, 5 illustrations in colour
Topics: Institutional/Evolutionary Economics, Economic Theory/Quantitative Economics/Mathematical Methods, Trade