IDEAS home Printed from https://ideas.repec.org/h/spr/advchp/978-4-431-54433-3_8.html
   My bibliography  Save this book chapter

Marshall and Offer Curve

In: Developments of International Trade Theory

Author

Listed:
  • Takashi Negishi

    (The Japan Academy)

  • Takashi Negishi

    (The University of Tokyo)

Abstract

The marginal revolution against the classical economics is often attributed to W. S. Jevons, C. Menger, and L. Walras, who published their works in 1870s. From the point of view of international trade theory, however, we may also add the name of A. Marshall, though his Principles of Economics was published in 1890. As a matter of fact, his early tracts on The pure theory of foreign trade and The pure theory of domestic value are both dated 1879. Marshall reworked some of the theories of J. S. Mill into rigorous diagrams, which includes, among others, those of Marshallian offer curves to study the equilibrium terms of trade in a two-commodity two-country model. Marshall introduced the graphic apparatus of offer curves, though he did not show how they are derived from the underlying demand and production. It was left for later day’s economists, for example, Meade (1952), who skillfully derived offer curves by the use of trade indifference curves.

Suggested Citation

  • Takashi Negishi & Takashi Negishi, 2014. "Marshall and Offer Curve," Advances in Japanese Business and Economics, in: Developments of International Trade Theory, edition 2, chapter 0, pages 61-66, Springer.
    • Handle: RePEc:spr:advchp:978-4-431-54433-3_8
    DOI: 10.1007/978-4-431-54433-3_8
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:advchp:978-4-431-54433-3_8. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.