Robert E. Baldwin
- Published in print:
- 2008
- Published Online:
- August 2013
- ISBN:
- 9780262026567
- eISBN:
- 9780262267656
- Item type:
- book
- Publisher:
- The MIT Press
- DOI:
- 10.7551/mitpress/9780262026567.001.0001
- Subject:
- Economics and Finance, Econometrics
No names are more closely associated with modern trade theory than Eli Heckscher and Bertil Ohlin. The basic Heckscher–Ohlin proposition, according to which a country exports factors in abundant ...
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No names are more closely associated with modern trade theory than Eli Heckscher and Bertil Ohlin. The basic Heckscher–Ohlin proposition, according to which a country exports factors in abundant supply and imports factors in scarce supply, is a key component of modern trade theory. This book traces the development of the HO model, describing the historical twists and turns that have led to the basic modern theoretical model in use today. It not only presents a cohesive view of the model’s evolution but also reviews the results of empirical tests its various versions. The book surveys the development of the HO model and then assesses empirical tests of its predictions. Most discussions of empirical work on HO models confine themselves to the basic theorem, but the book devotes a chapter to empirical tests of three related propositions: the Stolper–Samuelson theorem; the Rybczynski theorem; and the factor price equalization theorem. It concludes that although the formulation and testing of these later models have improved economists’ understanding of the forces shaping international trade, many empirical trade economists (himself included) were so enamored of the elegant but highly unrealistic factor price equalization models developed from the insights of Heckscher and Ohlin that they have neglected investigation of other models without this relationship.Less
No names are more closely associated with modern trade theory than Eli Heckscher and Bertil Ohlin. The basic Heckscher–Ohlin proposition, according to which a country exports factors in abundant supply and imports factors in scarce supply, is a key component of modern trade theory. This book traces the development of the HO model, describing the historical twists and turns that have led to the basic modern theoretical model in use today. It not only presents a cohesive view of the model’s evolution but also reviews the results of empirical tests its various versions. The book surveys the development of the HO model and then assesses empirical tests of its predictions. Most discussions of empirical work on HO models confine themselves to the basic theorem, but the book devotes a chapter to empirical tests of three related propositions: the Stolper–Samuelson theorem; the Rybczynski theorem; and the factor price equalization theorem. It concludes that although the formulation and testing of these later models have improved economists’ understanding of the forces shaping international trade, many empirical trade economists (himself included) were so enamored of the elegant but highly unrealistic factor price equalization models developed from the insights of Heckscher and Ohlin that they have neglected investigation of other models without this relationship.
Joseph Loewenstein
- Published in print:
- 2002
- Published Online:
- February 2013
- ISBN:
- 9780226490403
- eISBN:
- 9780226490410
- Item type:
- chapter
- Publisher:
- University of Chicago Press
- DOI:
- 10.7208/chicago/9780226490410.003.0001
- Subject:
- Literature, 16th-century and Renaissance Literature
This chapter introduces the bibliographical politics. Copyright law functions to protect authorial creativity, to provide a statutory hedge against industrial concerns around an author's somewhat ...
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This chapter introduces the bibliographical politics. Copyright law functions to protect authorial creativity, to provide a statutory hedge against industrial concerns around an author's somewhat mysterious, if not mystified, creative act. The Copyright Act of 1911 quite literally closed a book on the history of literary culture. Graham Pollard approaches the history of the text as a problem in the history of regulation. The Author is a censorship-effect, and also a book-effect, a press-effect, a market-effect. The history of literary culture as an appendix to Henry C. Lea's History of the Inquisition or to Eli Heckscher's Mercantilism is addressed. The arguments in Donaldson v. Becket indicate that rival reifications of the cultural status of intellectual property may coexist. Furthermore, the chapters in this book show the historical investigations of the institutions that interpellate English authorship.Less
This chapter introduces the bibliographical politics. Copyright law functions to protect authorial creativity, to provide a statutory hedge against industrial concerns around an author's somewhat mysterious, if not mystified, creative act. The Copyright Act of 1911 quite literally closed a book on the history of literary culture. Graham Pollard approaches the history of the text as a problem in the history of regulation. The Author is a censorship-effect, and also a book-effect, a press-effect, a market-effect. The history of literary culture as an appendix to Henry C. Lea's History of the Inquisition or to Eli Heckscher's Mercantilism is addressed. The arguments in Donaldson v. Becket indicate that rival reifications of the cultural status of intellectual property may coexist. Furthermore, the chapters in this book show the historical investigations of the institutions that interpellate English authorship.
