The Concepts Underlying the Generalized Theory

H. Peter Gray

Chapter 3 in A Generalized Theory of International Trade, 1976, pp 34-55 from Palgrave Macmillan

Abstract: Abstract The purpose of this chapter is to introduce the three concepts that broaden the traditional model and allow it to apply to a wider range of real-world problems. The three concepts are interrelated. Consequently, the order of their introduction is determined by expositional considerations rather than by any measure of the importance of the concepts. The three concepts are: an explicit time dimension; a three-part production function; and the integration into the model of three different types of goods.

Keywords: Production Function; International Trade; Demand Curve; Period Analysis; Intermediate Good (search for similar items in EconPapers)
Date: 1976
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-02883-2_3

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DOI: 10.1007/978-1-349-02883-2_3

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