Rethinking Classical Trade Analyses within a Framework of Capitalist Development

P Sai-wing Ho

Cambridge Journal of Economics, 1996, vol. 20, issue 4, 413-32

Abstract: A classical trade theory that comprises Adam Smith's 'productivity theory,' David Ricardo's reasoning against the corn laws, Robert Torrens's argument for extended colonization, and John Stuart Mill's recommendation to 'send capital abroad,' is advanced. It portrays England's economic expansion in the nineteenth century. Lacunae exist, however, because of these economists' belief in the automatic spread of industries to the 'agricultural countries,' and their inattention to the economic advances made by the 'late-coming' capitalist countries as well as the impact of England's capital exports on the 'capital-importing' countries. Subsequent researches which address these and which relate to current debates on theories and policies are discussed. (c) 1996 Academic Press Limited Copyright 1996 by Oxford University Press.

Date: 1996
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:oup:cambje:v:20:y:1996:i:4:p:413-32

Ordering information: This journal article can be ordered from
https://academic.oup.com/journals

Access Statistics for this article

Cambridge Journal of Economics is currently edited by Jacqui Lagrue

More articles in Cambridge Journal of Economics from Cambridge Political Economy Society Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK.
Bibliographic data for series maintained by Oxford University Press ().