BOOK REVIEW: A STUDY OF ECONOMIC GROWTH AND INTERNATIONAL TRADE
The book reviewed is described as an impressive example of successful model building for the purpose of examining rigorously some extremely complex issues of theory and policy. Since growth is introduced as a deus ex machina, the book is said to be a study in international trade theory, and not in t...
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| Zusammenfassung: | The book reviewed is described as an impressive example of successful model building for the purpose of examining rigorously some extremely complex issues of theory and policy. Since growth is introduced as a deus ex machina, the book is said to be a study in international trade theory, and not in the theory of economic growth. Sodersten constructs several algebraic general equilibrium, comparative static models of the two-bytwo-by-two variety to explore the effects of various types of economic growth on the terms of trade, the volume of exports and imports, real national income, and income distribution.
Book review of a book written by Bo Sodersten, Acta Universitatis Stockholmiensis, Stockholm Economic Studies, New Series V, Stockholm: Almqvist and Wicksell, 1964, 190pp. |
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