International trade

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Monograph

Identifikator:: 1758394757

URN:: urn:nbn:de:zbw-retromon-136209

Document type:: Monograph

Author:: Taussig, Frank William http://d-nb.info/gnd/120199459

Title:: International trade

Place of publication:: New York, NY

Publisher:: Macmillan

Year of publication:: 1927

Scope:: XXI, 425 Seiten; graph. Darst.

Digitisation:: 2021

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

Document type:: Monograph

Structure type:: Contents

Collection:: Economics Books

CONTENTS X11 PAGES when they bear in the same way on commodities in each country, do not alter the conditions of trade if merely the rate of interest is different, 62; nor if they act on some only of the commodities produced, 63; nor if they act on some more than on others, 64. But differences in the rate of interest do influence international trade in so far as different quantities of capital are used in the production of different commodities, 65. The quantitative importance of this influence, 67. Another aspect of the influence of capital and interest: capital is used more effectively in some countries than in others, 68. Some comparisons and illustra- tions of the existence of a comparative advantage secured because of the more effective use of capital, 71. Lower transportation costs by railway illustrate the possibilities of more effective use of capital, 73. CHAPTER 8 a Varying Costs; DiviNisHING RETURNS; INCREASING RETURNS 76-87 Trade in commodities produced with varying costs, 76. Con- nection between varying costs, international trade, and rent, 77. Varying costs are found in manufacturing industries as well as in agriculture. The human element is the main cause of vari- ations of cost in industry, but not in agriculture, 80. Superior powers of production resting on physical causes are not trans- ferable; those ascribable to the personal element are capable of being transferred, 81. One of the effects of this difference on international trade illustrated by the operation of protective duties, 82. Meaning of ‘increasing returns,” 83. Internal and external economies, 84. Advantages resting on human causes are cumulative, but do not persist indefinitely. How this affects international trade, 85. Some problems as to mining industries, 86. CHAPTER 9 VARYING ADVANTAGES . RR-06 Various possibilities of barter when more than two commod- ities are being exchanged. Illustrations under varying relations of comparative effectiveness of production, 88. Variation in barter terms of trade arising from changes of demand, 90. [nfluence of total demand for all imports on the barter terms of trade. How new conditions of trade arising from changes in demand are brought about thru the mechanism of money prices and monev incomes. 92

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