IDEAS home Printed from https://ideas.repec.org/h/pal/intecp/978-1-349-08458-6_18.html
   My bibliography  Save this book chapter

Summary Record of the Debate

In: International Trade Theory in a Developing World

Author

Listed:
  • Douglas C. Hague

Abstract

Sir Roy Harrod introduced Mr. Bhagwati’s paper saying that while everyone regretted that Professor Samuelson could not be here to present the first paper because of the illness of his son, all were most grateful that Mr. Bhagwati had been able to produce this paper at short notice. Sir Roy wanted to make some general remarks, especially on the first section of Mr. Bhagwati’s paper, and he hoped that participants would not think these unduly revolutionary. The first section of the Bhagwati paper was built round Professor Ohlin’s reconstruction of the classical theory of comparative cost, which was based on relative factor endowments. Economists agreed that Professor Ohlin’s contribution represented an important and lasting reconstruction of the whole theory of comparative costs, but he thought that this particular formulation of it had caused international trade theory to take a wrong turn. Largely because of a pedagogic accident, teachers found it easiest to work in terms of two factors and two products, and the factors considered were usually capital and labour. Yet Sir Roy thought that relative endowments of capital and labour had a very small gravitation impact on the pattern of foreign trade.

Suggested Citation

  • Douglas C. Hague, 1963. "Summary Record of the Debate," International Economic Association Series, in: Roy Harrod & Douglas Hague (ed.), International Trade Theory in a Developing World, pages 393-564, Palgrave Macmillan.
    • Handle: RePEc:pal:intecp:978-1-349-08458-6_18
    DOI: 10.1007/978-1-349-08458-6_18
    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:pal:intecp:978-1-349-08458-6_18. 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.palgrave.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.