Did Ricardo Truly Propose the Ricardian Model of International Trade?

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  • リカードはリカード・モデルを提示したのか
  • リカード ワ リカード ・ モデル オ テイジ シタ ノ カ

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Abstract

<p>Curiously, it has now been revealed that Ricardo’s own theory of international trade was different from “the Ricardian Model” commonly found in modern textbooks of international economics in some respects; for example, the understanding of the “four magic numbers,” gains from trade, terms of trade, and so on. Based on the Torrens-Mill understanding of Ricardo’s theory of trade, the major parts of the modern model was actually completed by Haberler in the early 20th century. Therefore, there are no rational grounds for attributing this model to Ricardo or crowning it with his name.</p>

Journal

  • KOKUSAI KEIZAI

    KOKUSAI KEIZAI 69 (0), 1-31, 2018

    The Japan Society of International Economics

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