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The Austrian Concept of Capital and the Pure Theory of International Trade

Albert Schweinberger

Chapter 5 in Demand, Equilibrium and Trade, 1984, pp 77-91 from Palgrave Macmillan

Abstract: Abstract Most textbooks in international economics have in general ignored the problem of capital. As is well known, the pure theory of international trade has for a long time been based upon atemporal general equilibrium models, in which there is no room for capital except as a primary factor of production similar to labour and natural resources.

Keywords: Interest Rate; Foreign Trade; General Equilibrium Model; Shadow Prex; Forward Market (search for similar items in EconPapers)
Date: 1984
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-06358-1_5

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DOI: 10.1007/978-1-349-06358-1_5

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