Essays in the History of International Trade Theory

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Essays in the History of International Trade Theory

9781852788346 Edward Elgar Publishing
The late Arthur I. Bloomfield, formerly Professor Emeritus of Economics, University of Pennsylvania, US
Publication Date: 1994 ISBN: 978 1 85278 834 6 Extent: 288 pp
Featuring eight essays written between 1938 and 1992, the volume includes essays on aspects of trade theory in nineteenth century Britain. These papers contradict the customary view that trade theory in this period was essentially static in character and reveal that many early theorists had a lively interest in the dynamic aspects of the field, such as the influence of technological change on international specialization and the influence of foreign trade and investment on growth. The volume also includes papers examining the foreign trade theories of Adam Smith and Jacob Viner, as well as work on the international trade theories of French economists from the 18th century Physiocrats to those working in the latter nineteenth and early twentieth centuries.

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This volume brings together in one place the significant contributions which Arthur I. Bloomfield – a leading specialist in the field of international economics and especially international finance – has made to the history of international trade theory.

Featuring eight essays written between 1938 and 1992, the volume includes essays on aspects of trade theory in nineteenth century Britain. These papers contradict the customary view that trade theory in this period was essentially static in character and reveal that many early theorists had a lively interest in the dynamic aspects of the field, such as the influence of technological change on international specialization and the influence of foreign trade and investment on growth. The volume also includes papers examining the foreign trade theories of Adam Smith and Jacob Viner, as well as work on the international trade theories of French economists from the 18th century Physiocrats to those working in the latter nineteenth and early twentieth centuries.

Essays in the History of International Trade Theory will be welcomed by historians of economic thought and students of international trade as it fills a noticeable gap in the literature by bringing together important papers on a relatively neglected area of scholarship. A specially written introduction is included in which Professor Bloomfield describes in detail some of his experiences as an economist during the course of a long and varied career which included many years of distinguished government service.
Critical Acclaim
‘Overall it is a nicely produced volume. . . . this will be a worthwhile acquisition.’
– Roger E. Backhouse, History of Economic Thought

‘Bloomfield is a serious and thoughtful scholar, and these excellent essays certainly deserve the wider audience which their publication in book form will afford them.’
– D.P. O’Brien, The Economic Journal

‘. . . a must-read for all those involved with either the high-technology trade debate or the convergence debates.’
– Bruce Elmslie, History of Political Economy
Contents
Contents: 1. Introduction 2. The Impact of Growth and Technology on Trade in Nineteenth Century British Thought (1978) 3. British Thought on the Influence of Foreign Trade and Investment on Growth, 1800–80 (1981) 4. An Early Anticipation of the Concept of Immiserizing Growth (1981) 5. Effect of Growth on the Terms of Trade: Some Earlier Views (1984) 6. Adam Smith and the Theory of International Trade (1975) 7. On the Centenary of Jacob Viner’s Birth: A Retrospective View of the Man and his Work (1992) 8. The Foreign–Trade Doctrines of the Physiocrats (1938) 9. Aspects of the Theory of International Trade in France, 1800–1914 (1989)
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