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  • Print publication year: 2014
  • Online publication date: November 2014

A Corrected Version of Hume’s Equilibrating Mechanisms for International Trade*

from Part II - Before Adam Smith
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Paul Samuelson on the History of Economic Analysis
  • Online ISBN: 9781139342735
  • Book DOI: https://doi.org/10.1017/CBO9781139342735
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References

Bickerdike, C. F., 1920, “The Instability of Foreign Exchange,” Economic Journal 30, March, 118–122.
Collery, Arnold, 1974, “Relative Prices in Monetary and ‘Classical’ Theories of Adjustment of the Balance of Payments,” Privately circulated.
Dornbusch, Rudiger, 1973, “Devaluation, Money and Nontraded Goods,” American Economic Review 63, December, 871–880.
Dornbusch, Rudiger, Fischer, Stanley, and Samuelson, Paul A., 1977, “Comparative Advantage, Trade, and Payments in a Ricardian Model with a Continuum of Goods,” American Economic Review 67, December, 823–839.
Dornbusch, Rudiger, and Mussa, Michael, 1975, “Consumption, Real Balances and the Hoarding Function,” International Economic Review 16, June, 415–421.
Frenkel, Jacob A., and Johnson, Harry G., 1976, “The Monetary Approach to the Balance of Payments: Essential Concepts and Historical Origins.” In Jacob A. Frenkel and Harry G. Johnson, eds., The Monetary Approach to the Balance of Payments (London: George Allen & Unwin Ltd.), pp. 21–45.
Haberler, Gotifried, 1936, The Theory of International Trade (London: Wm. Hodge & Co.).
Hume, David, 1752, “Of the Balance of Trade,” in Political Discourses, T.  H. Green and T. H. Grose, eds., 1875 of Hume’s, Essays, Moral, Political, and Literary, Part II (London). See Rotwein (1955) for source of Hume quotations used here.
Jones, Ronald W., 1971, “A Three-Factor Model in Theory, Trade and History,” In Jagdish Bhagwati et al., eds., Trade, Balance of Payments and Growth: Papers in International Economics in Honor of Charles P. Kindleberger (Amsterdam: North-Holland Publishing Co.), pp. 3–21.
Laughlin, J. L., 1903, The Principles of Money (New York).
Mosak, Jacob L., 1944, General Equilibrium Theory in International Trade, Cowles Commission Monograph No. 7 (Bloomington, Ind.: Principia Press).
Ohlin, Bertil, 1933, The Theory of Interregional and International Trade (Cambridge, MA.: Harvard University Press).
Polak, Jacques J., 1957, “Monetary Analysis of Income Formation and Payments Problems.” In The Monetary Approach to the Balance of Payments (Washington, DC: International Monetary Fund, 1977), pp. 15–64.
Prais, Sigmund J., 1961, “Some Mathematical Notes on the Quantity Theory of Money in an Open Economy.” In The Monetary Approach to the Balance of Payments (Washington, D.C.: International Monetary Fund, 1977), pp. 147–161.
Robinson, Joan, 1937, Essays in the Theory of Employment (New York: The Macmillan Company), pp. 183–209.
Rotwein, Eugene, ed., 1955, David Hume: Writings on Economics (Edinburgh: Thomes Nelson & Sons Ltd.). Hume’s essay, “Of the Balance of Trade,” appears on pages 60–75.
Samuelson, Paul A., 1971a, “An Exact Hume-Ricardo-Marshall Model of International Trade,” Journal of International Economics 1, February, 1–18. Reproduced in Collected Scientific Papers of Paul A. Samuelson (Cambridge, MA: MIT Press, 1972), Vol. III, Ch. 162.
Samuelson, Paul A., 1971b, “On the Trail of Conventional Beliefs about the Transfer Problem.” In Jagdish Bhagwati et al., eds., Trade, Balance of Payments and Growth: Papers in International Economics in Honor of Charles P. Kindleberger (Amsterdam: North-Holland Publishing Co.). Reproduced in Collected Scientific Papers of Paul A. Samuelson (Cambridge, MA: MIT Press, 1972), Vol. III, Ch. 163.
Samuelson, Paul A., 1971, “Ohlin Was Right,” Swedish Journal of Economics 73, 365–384. Reproduced in Collected Scientific Papers of Paul A. Samuelson (Cambridge, MA: MIT Press, 1977), Vol. IV, Ch. 254.
Viner, Jacob, 1937, Studies in the Theory of International Trade (New York: Harper & Brothers Publishers).