Creedy, John - In: The Manchester School of Economic & Social Studies 59 (1991) 3, pp. 295-304
In Money, Credit and Commerce, Alfred Marshall gave a numerical example of two countries' trading schedules in which he stated the net benefit of trade to each country. Allyn Young, along with Taussig and Loria, suggested that Marshall had made a "perplexing slip." This paper contradicts Young's...