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Paul Samuelson's famous 1948 "factor price equalization theorem" was his main contribution to international trade theory. He demonstrated conditions under which trade in goods only would lead to full equalization of the remuneration of productive factors across countries. In practice, general...
Persistent link: https://www.econbiz.de/10012026541
The paper presents a survey of the complex relation between the production of primary commodities and economic growth throughout the history of economic thought. Some of the main topics investigated are: the apparent contrast between the theoretical advantages of natural wealth and the...
Persistent link: https://www.econbiz.de/10013094758
Paul Samuelson's famous 1948 "factor price equalization theorem" was his main contribution to international trade theory. He demonstrated conditions under which trade in goods only would lead to full equalization of the remuneration of productive factors across countries. In practice, general...
Persistent link: https://www.econbiz.de/10012030106
The theory of economic development was an exception to Paul Samuelson's claim of being a "generalist" in economics. It was a hard subject to tackle analytically because of the intrinsic difficulty of some of the concepts involved, such as increasing returns and long-term economic evolution....
Persistent link: https://www.econbiz.de/10011995797
The paper shows how William Barber’s background as a development economist influenced his research agenda in the history of economic thought, in terms of the questions he asked and the way he approached them. The links between the history of economic theory and of policy-making are...
Persistent link: https://www.econbiz.de/10011949676
The role of traveling as a source of discovery and development of new ideas has been controversial in the history of economics. Despite their protective attitude toward established theory, economists have traveled widely and gained new insights or asked new questions as a result of their...
Persistent link: https://www.econbiz.de/10011759979
This paper provides an overview of Brazilian economists’ contributions to global economics since mid 20th century, from the perspective of economics as transnational science. The contributions are organized into three sections, after a methodological and historiographical introduction:...
Persistent link: https://www.econbiz.de/10014083497
In the late 1970s Paul Samuelson drafted the outline of a paper, never published, with a critical assessment of the theoretical innovations of postwar development economics. He found the subject essentially intractable. The present paper discusses how that assessment fits in Samuelson's...
Persistent link: https://www.econbiz.de/10012170942
This short paper was written as a contribution to an ESHET roundtable about the links between the history of economic thought and economic policies. The history of the field of development economics illustrates, by its very nature as an essentially applied discipline, how ideas and policies...
Persistent link: https://www.econbiz.de/10014260580