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International Trade and Economic Growth in Open Economies

The Classical Dynamics of Hume, Smith, Ricardo and Malthus

By (author) J. Berdell
Format: Hardback
Publisher: Edward Elgar Publishing Ltd, Cheltenham, United Kingdom
Published: 26th Feb 2002
Dimensions: h 230mm
Weight: 458g
ISBN-10: 1858981646
ISBN-13: 9781858981642
Barcode No: 9781858981642
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 interactions between trade and growth. The findings are then extended to create a comparison of the classical models with recent empirical research in this area. Berdell suggests that John Sutart Mill's plan to synthesize and extend Hume's, Smith's and Ricardo's analysis of commercial society was rendered intractable by the limitations of Hume's associationalist psychology.

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