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Professor Ronald W. Jones and his influence on Asia Pacific economics

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  • Yano, Makoto

Abstract

Professor Ronald W. Jones is one of the greatest general equilibrium theorists, who has illustrated the economic force underlying a general equilibrium adjustment in a very elegant manner. With his friendly personality, at the same time, he has made an enormous contribution to Asian Pacific economic research and the formation of a strong network of economists in our region. This essay intends to explain what I think of as the essence of his economics and his contributions to Asia Pacific economics.

Suggested Citation

  • Yano, Makoto, 2021. "Professor Ronald W. Jones and his influence on Asia Pacific economics," Journal of Asian Economics, Elsevier, vol. 77(C).
    • Handle: RePEc:eee:asieco:v:77:y:2021:i:c:s1049007821001007
    DOI: 10.1016/j.asieco.2021.101371
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    References listed on IDEAS

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    1. Michihiro Ohyama & Ronald W. Jones, 2018. "Technology Choice, Overtaking, and Comparative Advantage," World Scientific Book Chapters, in: International Trade Theory and Competitive Models Features, Values, and Criticisms, chapter 2, pages 15-30, World Scientific Publishing Co. Pte. Ltd..
    2. Jones, Ronald W. & Peter Neary, J., 1984. "The positive theory of international trade," Handbook of International Economics, in: R. W. Jones & P. B. Kenen (ed.), Handbook of International Economics, edition 1, volume 1, chapter 1, pages 1-62, Elsevier.
    3. Ronald W. Jones, 2008. "Production Fragmentation And Outsourcing: General Concerns," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 53(03), pages 347-356.
    4. Jones, Ronald W, 1985. "Income Effects and Paradoxes in the Theory of International Trade," Economic Journal, Royal Economic Society, vol. 95(378), pages 330-344, June.
    5. Ronald W. Jones, 2010. "Share ribs redux," International Journal of Economic Theory, The International Society for Economic Theory, vol. 6(1), pages 127-135, March.
    6. Ronald Jones & Mukul Majumdar & Kazuo Nishimura, 2015. "Market quality, trade and dynamics: A special issue in honor of Makoto Yano," International Journal of Economic Theory, The International Society for Economic Theory, vol. 11(1), pages 1-5, March.
    7. Yano, Makoto, 1983. "Welfare aspects of the transfer problem," Journal of International Economics, Elsevier, vol. 15(3-4), pages 277-289, November.
    8. Makoto Yano, 2008. "Competitive fairness and the concept of a fair price under Delaware law on M&A," International Journal of Economic Theory, The International Society for Economic Theory, vol. 4(2), pages 175-190, June.
    9. Ronald W. Jones, 2018. "On Blending Competitive Trade Models," World Scientific Book Chapters, in: International Trade Theory and Competitive Models Features, Values, and Criticisms, chapter 19, pages 319-361, World Scientific Publishing Co. Pte. Ltd..
    10. Jeffrey B. Nugent & Makoto Yano, 1999. "Aid, Nontraded Goods, and the Transfer Paradox in Small Countries," American Economic Review, American Economic Association, vol. 89(3), pages 431-449, June.
    11. Honryo, Takakazu & Yano, Makoto, 2021. "Idiosyncratic Information and Vague Communication," American Political Science Review, Cambridge University Press, vol. 115(1), pages 165-178, February.
    12. Hayashibara, Masayuki & Jones, Ronald W., 1989. "Should a factor-market distortion be widened?," Economics Letters, Elsevier, vol. 31(2), pages 159-162, December.
    13. Ronald W. Jones, 2018. "The Structure of Simple General Equilibrium Models," World Scientific Book Chapters, in: International Trade Theory and Competitive Models Features, Values, and Criticisms, chapter 4, pages 61-84, World Scientific Publishing Co. Pte. Ltd..
    14. Minabe, Nobuo, 1974. "Capital and Technology Movements and Economic Welfare," American Economic Review, American Economic Association, vol. 64(6), pages 1088-1100, December.
    15. Ronald W. Jones, 1984. "The Transfer Problem in a Three-Agent Setting," Canadian Journal of Economics, Canadian Economics Association, vol. 17(1), pages 1-14, February.
    16. Kazuo Nishimura & Makoto Yano, 2012. "Non-linear Dynamics and Chaos in Optimal Growth: An Example," Springer Books, in: John Stachurski & Alain Venditti & Makoto Yano (ed.), Nonlinear Dynamics in Equilibrium Models, edition 127, chapter 0, pages 127-150, Springer.
    17. Makoto Yano, 2012. "The von Neumann–McKenzie facet and the Jones Duality theorem in two-sector optimal growth," International Journal of Economic Theory, The International Society for Economic Theory, vol. 8(2), pages 213-226, June.
    18. Jones, Ronald W. & Takemori, Shumpei, 1989. "Foreign monopoly and optimal tariffs for the small open economy," European Economic Review, Elsevier, vol. 33(9), pages 1691-1707, December.
    19. Chi‐Chur Chao & Bharat R. Hazari & Eden S. H. Yu, 2010. "Quotas, Spillovers, and the Transfer Paradox in an Economy with Tourism," Review of International Economics, Wiley Blackwell, vol. 18(2), pages 243-249, May.
    20. Yano, Makoto, 1991. "Temporary transfers in a simple dynamic general equilibrium model," Journal of Economic Theory, Elsevier, vol. 54(2), pages 372-388, August.
    21. Takashi Kamihigashi & Laixun Zhao (ed.), 2009. "International Trade and Economic Dynamics," Springer Books, Springer, number 978-3-540-78676-4, November.
    22. Ronald W. Jones & Kazuo Nishimura & Makoto Yano, 2012. "Legacy of Lionel McKenzie, 1," International Journal of Economic Theory, The International Society for Economic Theory, vol. 8(1), pages 1-7, March.
    23. Ronald W. Jones, 2007. "Specific Factors And Heckscher-Ohlin: An Intertemporal Blend," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 52(01), pages 1-6.
    24. Ronald W. Jones, 2018. "On the Value of Small-scale GE Models," World Scientific Book Chapters, in: International Trade Theory and Competitive Models Features, Values, and Criticisms, chapter 18, pages 297-318, World Scientific Publishing Co. Pte. Ltd..
    25. Yano, Makoto, 1990. "A Local Theory of Cooperative Games," International Journal of Game Theory, Springer;Game Theory Society, vol. 19(3), pages 301-324.
    26. Raveendra N. Batra, 1973. "Studies in the Pure Theory of International Trade," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-349-01423-1.
    27. Jai-Young Choi & Eden S. H. Yu, 1987. "Immiserizing Transfer under Variable Returns to Scale," Canadian Journal of Economics, Canadian Economics Association, vol. 20(3), pages 634-645, August.
    28. Ronald W. Jones, 2012. "General equilibrium theory and competitive trade models," International Journal of Economic Theory, The International Society for Economic Theory, vol. 8(2), pages 149-164, June.
    29. Jones, Ronald W & Dei, Fumio, 1983. "International Trade and Foreign Investment: A Simple Model," Economic Inquiry, Western Economic Association International, vol. 21(4), pages 449-464, October.
    30. Ronald W. Jones, 2009. "Rybczynski's Diagram and the Stolper/Samuelson Theorem," Springer Books, in: Takashi Kamihigashi & Laixun Zhao (ed.), International Trade and Economic Dynamics, pages 9-12, Springer.
    31. Ronald W. Jones, 2012. "Lionel McKenzie: A recruit's view of the early Rochester days," International Journal of Economic Theory, The International Society for Economic Theory, vol. 8(1), pages 9-12, March.
    32. Makoto Yano, 1998. "On the Dual Stability of a von Neumann Facet and the Inefficacy of Temporary Fiscal Policy," Econometrica, Econometric Society, vol. 66(2), pages 427-452, March.
    33. Weller, Paul & Yano, Makoto, 1987. "Forward Exchange, Futures Trading, and Spot Price Variability: A General Equilibrium Approach," Econometrica, Econometric Society, vol. 55(6), pages 1433-1450, November.
    34. Yano, Makoto, 1991. "International Transfers: Strategic Losses and the Blocking of Mutually Advantageous Transfers," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 32(2), pages 371-382, May.
    35. Uekawa, Yasuo, 1971. "Generalization of the Stolper-Samuelson Theorem," Econometrica, Econometric Society, vol. 39(2), pages 197-217, March.
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    More about this item

    Keywords

    Professor Jones's contributions; Transfer paradox; Asia Pacific economics;
    All these keywords.

    JEL classification:

    • A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists
    • A23 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - Graduate

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