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Interregional and International Trade

✍ Scribed by Bertil Ohlin


Publisher
Harvard University Press
Year
1935
Tongue
English
Leaves
622
Series
Harvard Economic Studies, Volume 39
Category
Library

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✦ Synopsis


''Ohlin's reputation was only firmly secured by the publication of Interregional and International Trade, a book which won him the Nobel Prize. Starting from an article written in 1919 by his old teacher, Eli Heckscher, Ohlin developed the thesis that both interregional and international trade are devices for the spatial exchange of the goods and services produced by factors of production since these factors themselves are to a greater or lesser extent incapable of being moved in space -- think of land as the classic case of an immovable factor -- in consequence of which relative prices in different geographical locations depend on the relative scarcity of factor endowments in these locations. This 'Heckscher-Ohlin Theorem', as it was soon to be called, entered almost immediately into the textbook literature, although not without a push from Samuelson in the 1940s, and the stimulus of Leontief's apparent empirical refutation of the theorem in the 1950s. It is doubtful, however, whether any later textbook treatment improved on Ohlin's own masterful presentation . . . By the end of the book, the entire range of international economic problems has been discussed and, moreover, the intimate connections between location theory, regional economics, and international trade have been brilliantly displayed.'' (Mark Blaug, Great Economists Since Keynes, pp. 185-6)

✦ Table of Contents


PART 1: INTERREGIONAL TRADE SIMPLIFIED --
A Condition of Interregional Trade --
On Some Effects of Interregional Trade --
Another Condition of Interregional Trade --
A Variation of Interregional Trade --
PART 2: INTERNATIONAL TRADE SIMPLIFIED --
International Comparisons of Productive Factors --
Some Fundamentals of International Trade --
Reactions of Demands for Goods and Supply of Productive Factors --
PART 3: COMMODITY AND FACTOR MOVEMENTS --
Interregional Costs of Transfer of Commodities --
Interregional Factor Movements and Their Relation to Commodity Movements --
Interior Transfer Costs and Factor Movements: Some Aspects of a General Location Theory --
Local Differences in Labor and Capital Supply: Location Theory, Continued --
Interregional Trade Theory as Location Theory --
PART 4: INTERNATIONAL TRADE AND FACTOR MOVEMENTS --
International Trade --
International Price Relations --
Some Effects of Import Duties --
International Capital and Labor Movements --
PART 5: MECHANISM OF INTERNATIONAL TRADE VARIATIONS AND CAPITAL MOVEMENTS --
Equilibrium in International Trade --
The Mechanism of Domestic Capital Movements --
The Mechanism of International Capital Movements --
Import Duties and Price Adjustments --
International Price Variations.

Appendices.


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