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The Theory of International Values Re-examined

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  • Frank D. Graham

Abstract

The classical theorists on international values guilty of an overabstraction which led them into error. — Mill's exposition turns on an exceptional rather than a normal case, 56. — Bastable errs in the presentation of this exceptional case, 59. — Both lay down corollaries some of which are true only in exceptional circumstances and others not true at all, 59. — The logic of exports and imports, 63. — Trading situations involving several countries and commodities; conclusions alien to currently accepted theory, 70. — Conclusion, in a series of negative and positive propositions, 83.

Suggested Citation

  • Frank D. Graham, 1923. "The Theory of International Values Re-examined," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 38(1), pages 54-86.
    • Handle: RePEc:oup:qjecon:v:38:y:1923:i:1:p:54-86.
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    File URL: http://hdl.handle.net/10.2307/1885769
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    Cited by:

    1. Deardorff, Alan V., 2005. "Ricardian comparative advantage with intermediate inputs," The North American Journal of Economics and Finance, Elsevier, vol. 16(1), pages 11-34, March.
    2. Dvoskin, Ariel & Ianni, Guido, 2021. "Produced means of production and the chain of comparative advantages," Structural Change and Economic Dynamics, Elsevier, vol. 59(C), pages 635-647.
    3. Fink, Gerhard, 2009. "Comparative advantage, regional specialization and income distribution: The case of Austria in perspective," Journal of Policy Modeling, Elsevier, vol. 31(2), pages 239-259.
    4. Andrea Maneschi, 2000. "How New is the "New Trade Theory" of the Past Two Decades?," Vanderbilt University Department of Economics Working Papers 0027, Vanderbilt University Department of Economics.
    5. Rajas Parchure, 2011. "On Graham’s Theory of Multicountry Multicommodity Trade," Working Papers id:4258, eSocialSciences.
    6. Mario Marazzi, 2002. "On the fragility of gains from trade under continuously differentiated bertrand competition," International Finance Discussion Papers 735, Board of Governors of the Federal Reserve System (U.S.).
    7. Samuelson, Paul A. & Etula, Erkko M., 2006. "Testing to confirm that Leontief-Sraffa matrix equations for input/output must obey constancy of returns to scale," Economics Letters, Elsevier, vol. 90(2), pages 183-188, February.

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