. And both authors combined a vivid interest in modern economic theory with an interest in what past masters had to say. The …

five markets (of factors and goods) as well as the volumes of output, consumption and international trade are all … wages, employment and consumption decrease in the South, and its terms of trade and real revenues worsen. This is traced to … the negative impact of increased resource exports on the domestic terms of trade between the traditional and the …

equilibrium tools. These tools explain trade and the determination of prices across different markets. In a general equilibrium …. Trade in resources takes place largely across different regions, so one is dealing with international trade. A system of …

Since trade was not an engine, neither was a part of trade, such as the trade in slaves. And certainly the profits from … the trade did not finance the Industrial Revolution. Imperialism, too, was a mere part of trade, and despite the well … apartheid, been profitable. The episode of economic success in Europe came from domestic sources of innovation, not from …

Keynesian economics, labour cost has been set in the periphery of the theory, allowing labour relations to become a subject of … social-political regulation. By contrast, neoclassical economic theory and its successors place the cost of labour at the … core of the theory, which in turn means that any attempt to regulate labour relations by noneconomic criteria undermines …