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Adam Smith'in "Uluslararası İktisat Kuramı"na Katkıları Hakkında
[On Adam Smith's Contributions to the International Trade Theory]

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  • Kibritçioğlu, Aykut

Abstract

Adam Smith is generally ignored as a trade theorist in textbooks of international economics because of the common belief that he only confirmed the rule of absolute advantages to explain structure of foreign trade. However, his vent-for-surplus approach may be interpreted as a pioneering study which stresses the importance of economies-of-scale in explaining the structure of trade. This short paper addresses to the undeniable influence of Smith's concepts such as "extent of the market", "division of labor", "improved dexterity in every particular workman" and "simple inventions coming from workman" on trade theory.

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File URL: http://mpra.ub.uni-muenchen.de/2595/
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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 2595.

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Date of creation: 1994
Date of revision: 1996
Handle: RePEc:pra:mprapa:2595

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Related research

Keywords: Adam Smith; international trade; specialization; economies of scale; vent for surplus; absolute advantages;

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  1. Kurz, Heinz D, 1992. "Adam Smith on Foreign Trade: A Note on the 'Vent-for-Surplus' Argument," Economica, London School of Economics and Political Science, vol. 59(236), pages 475-81, November.
  2. Myint, Hla, 1977. "Adam Smith's Theory of International Trade in the Perspective of Economic Development," Economica, London School of Economics and Political Science, vol. 44(175), pages 231-48, August.
  3. Dani Rodrik, 1988. "Closing the Technology Gap: Does Trade Liberalization Really Help?," NBER Working Papers 2654, National Bureau of Economic Research, Inc.
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