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2021-01-07 00:56:04
VINER (Jacob).
Studies in the Theory of International Trade.
1937. First edition. 8vo. pp. Original red cloth, spine lettered in gilt, dust jacket (small bookseller's label to front pastedown, jacket with tape reinforcements to head of spine panel and head of rear turn-in hinge, small stain to upper corner of rear panel, otherwise an excellent copy). New York, Harper and Brothers. 1937.Viner's first major substantial work, Studies in the Theory of International Trade "took the history of international economics, which had been worked over by many previous commentators, and placed it on an entirely new footing, sorting out misunderstandings, clarifying the main lines of advance, and in the process discovering innumerable neglected or even totally unknown articles, pamphlets and books" (Blaug). Inimitably blending "theoretical analysis and erudite doctrinal history", its "aim was to trace the evolution of the modern theory of international trade. It starts out with the mercantilists and continues with the bullionist controversies, the currency school-banking school controversy, the international mechanism of adjustment, and the doctrine of the gains from trade. In Viner's view, the comparative-cost doctrine is dependent on a real-cost theory of value rather than on opportunity cost. While this view was not in tune with the time, there are many forward-looking sections in the book, including references to a lecture given by Viner in 1931 in which later models of Lerner, Leontief and Hicks were anticipated' (New Palgrave). "Among its most famous features was a scornful rejection of the seventeenth- and eighteenth-century doctrines of the … [Click Below for Full Description]
Bookseller: Maggs Bros Ltd [United Kingdom]
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