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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.

Suggested Citation

  • Kibritçioğlu, Aykut, 1994. "Adam Smith'in "Uluslararası İktisat Kuramı"na Katkıları Hakkında [On Adam Smith's Contributions to the International Trade Theory]," MPRA Paper 2595, University Library of Munich, Germany, revised 1996.
    • Handle: RePEc:pra:mprapa:2595
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    References listed on IDEAS

    as
    1. John S. Chipman, 2009. "The Theory of International Trade," Books, Edward Elgar Publishing, number 3017.
    2. Dani Rodrik, 1988. "Closing the Technology Gap: Does Trade Liberalization Really Help?," NBER Working Papers 2654, National Bureau of Economic Research, Inc.
    3. Leonard Gomes, 1987. "Foreign Trade and the National Economy," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-349-08992-5.
    4. Charles E. Staley, 1973. "A Note on Adam Smith's Version of the Vent for Surplus Model," History of Political Economy, Duke University Press, vol. 5(2), pages 438-448, Fall.
    5. 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 231-248, August.
    6. 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 475-481, November.
    7. Leonard Gomes, 1990. "Neoclassical International Economics," Palgrave Macmillan Books, Palgrave Macmillan, number 978-0-230-37155-2.
    8. Simon Power, 1987. "The Origins of the Heckscher-Ohlin Concept," History of Political Economy, Duke University Press, vol. 19(2), pages 289-298, Summer.
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    More about this item

    Keywords

    Adam Smith; international trade; specialization; economies of scale; vent for surplus; absolute advantages;
    All these keywords.

    JEL classification:

    • B12 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Classical (includes Adam Smith)
    • F10 - International Economics - - Trade - - - General
    • A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists

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