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The Theory of International Trade (Classic Reprint): With Some of Its Applications to Economic Policy - Couverture souple

Charles Francis Bastable

 
9781330296172: The Theory of International Trade (Classic Reprint): With Some of Its Applications to Economic Policy

Synopsis

Explore how foreign trade reshapes wealth, wages, and production in a competitive economy.

This book untangles the big ideas behind international exchange and its practical effects.

Charles Francis Bastable’s analysis surveys how imports and exports influence distribution among landowners, capitalists, and workers. It discusses how the margin of cultivation, rent, and wages interact with trade, and how readjustments in production can raise efficiency and real wages. The text compares Ricardian and Edgeworth interpretations, highlighting where free trade can shift the balance of power and income across classes. It also explains how transport improvements and the composition of imports (food, raw materials, and consumer goods) shape national wealth and living standards.

The discussion blends theory with practical implications, offering a framework to understand genuine economic change from trade policy and technological progress alike. It emphasizes that the effects of foreign trade are nuanced—benefiting consumers through cheaper goods and potentially altering the earnings of different social groups as industries reorganize.

  • How trade can change the distribution of wealth between landlords, capitalists, and laborers.
  • Why importing food and other commodities may lower rents and raise real wages.
  • How improvements in transport influence readjustments in production and income.
  • Where classical theories meet modern developments in distribution and trade theory.

Ideal for readers of economic theory and the history of international trade, as well as students seeking a foundational perspective on how trade shapes national prosperity.

Les informations fournies dans la section « Synopsis » peuvent faire référence à une autre édition de ce titre.