Comment

Tibor Scitovsky

A chapter in The International Allocation of Economic Activity, 1977, pp 259-262 from Palgrave Macmillan

Abstract: Abstract Professor Balassa’s paper well demonstrates the great strides economic reasoning has made over the past half-century and the much greater caution and closer reliance on empirical evidence with which modern economists approach the old economic problems. In the good old days, we made sweeping assumptions about the mobility of products and the immobility of factors, and had implicit faith in the strength, the reversibility, and the monotonic nature of the relationship between tariffs, trade, international specialisation, and economic welfare. We have since learned, and are still learning, that none of those assumptions and relations is quite as simple as it once seemed, and that none can be taken on trust, without empirical evidence.

Keywords: Natural Barrier; Trade Restriction; Monopoly Profit; Interregional Trade; Land Transport (search for similar items in EconPapers)
Date: 1977
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:pal:palchp:978-1-349-03196-2_20

Ordering information: This item can be ordered from
http://www.palgrave.com/9781349031962

DOI: 10.1007/978-1-349-03196-2_20

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().