International trade

Bibliographic data

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

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Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Part I. Theory

Collection:: Economics Books

20 INTERNATIONAL TRADE and it would seem that her people have but to move to the better region in order to enjoy its better conditions. So it would be if the cause of advantage in the United States were merely of a physical sort — climate, land, or what not — and if the Germans were quite as capable of utilizing the natural conditions as the Americans. But if the differences in effectiveness do not rest purely on physical grounds; if they are due to aptitudes which the Americans possess but the Germans do not; if the Germans on moving to the United States could not there apply their labor with the same intelligence, ingenuity, vigor, as the Americans, — there would be no certainty of gain from the shift. As we shall see, causes of this kind do operate. Not physical causes alone — natural resource and the like — determine the current of inter- national trade; the human factor counts heavily. At this stage of our inquiry, however, we assume that the Ger- mans remain in their own country. It is not material for what reason they do so. It may be that they are indifferent to a possible gain from transplanting themselves, being attached to their own country, familiar with its mode of life and ignorant of life abroad, immobile even tho they might prosper by moving. They are to be supposed, for the purposes of the present argument, to go their own way regardless of the American possibilities; the Americans also go their own way. And then the two groups will have no occasion for exchange of goods. The same conclusion is readily reached under the supposition not of barter, but of money and prices: sales of goods and trans- actions between individuals. We may make at the start any supposition whatever with regard to prices and wages ; it will remain to be seen what figures represent the definitive conditions. Suppose that in the United States wages are $2.00 a day, in Germany $1.00 a day. Then we have: In the U. S. 10 days’ labor ” 2) i, S. 10 » 2» ” Germany 10 ”’ ? " Germany 10 22 Wages PER DAY $2.00 $20 $2.00 $20 $1.00 $10 $1.00 $10 Probpuce 30 copper 15 linen 20 copper 10 linen DowMmesTic SuprLy Price $0.66% $1.33% $0.50 $1.00 HA

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