A human agency approach to the economics of international trade

Fu-Lai Tony Yu

International Journal of Pluralism and Economics Education, 2009, vol. 1, issue 1/2, 22-36

Abstract: Scholars in Austrian economics have amply criticised many aspects of neoclassical economics including methodology, development economics, monetary theory, public finance and comparative economic systems. Surprisingly, little has been said on the pure theory of international trade. This paper attempts to fill this gap by utilising the human agency approach to offer a more realistic theory of international trade based on the individual. It concludes that the human agency approach can elucidate various global issues such as the new international economic order and globalisation.

Keywords: neoclassical economics; international trade theory; human agency; entrepreneurship; knowledge; Austrian economics; dynamic learning; Austria; new economic order; globalisation. (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:ids:ijplur:v:1:y:2009:i:1/2:p:22-36

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