Growth and Trade: Some Hypotheses About Long-Term Trends

Richard N. Cooper

The Journal of Economic History, 1964, vol. 24, issue 4, 609-628

Abstract: The relationship between long-term trends in foreign trade and long-term trends in income has long been a source of fascinating speculation for scholars. As early as 1821, Robert Torrens observed that “as the several nations of the world advance in wealth and population, the commercial intercourse between them must gradually become less important and beneficial.” He believed that trade was founded on the exchange of manufactures for foodstuffs and materials; as land became scarcer as a result of population growth, the basis for trade would disappear.

Date: 1964
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