Comparative Advantage In The Generalized Scheme Of Manoilescu
AbstractThe comparative advantage has been studied from various perspectives, focusing solely on partial efforts such as labor force. Some researchers, such as Manoilescu, have attempted to establish a more rigorous theoretical model by observing total efforts. Moreover, the above-mentioned researcher looked at the comparative advantage from the perspective of national interest, which we shall nevertheless not deal with in our present study. By trying to identify, in a simple barter exchange, an algorithm of the relations between each entity’s individual advantages and the total advantage, we can achieve a coherent analytical understanding of the exchange act in a real-empirical negotiation.
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Bibliographic InfoArticle provided by Institute for Economic Forecasting in its journal Romanian Journal of Economic Forecasting.
Volume (Year): 2 (2005)
Issue (Month): 3 ()
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comparative advantage; Manoilescu; Mises; the cooperation law; individual interest; equity principle; analytical economicity;
Find related papers by JEL classification:
- A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists
- C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory
- D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
- D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
- F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
- Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
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- Dogaru, Vasile, 2007. "Algorithm of Monetary Exchange in Manoilescu Generalised Scheme," MPRA Paper 6917, University Library of Munich, Germany.
- Dogaru, Vasile, 2005. "Some observations regarding the demythification of the comparative advantage’s principle within Manoilescu generalized scheme," MPRA Paper 6918, University Library of Munich, Germany.
- Dogaru, Vasile, 2007. "Trade Costs Algorithm in Manoilescu Generalised Scheme," MPRA Paper 6919, University Library of Munich, Germany.
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