The von Neumann Analysis and the Small Open Economy

Ian Steedman

Chapter 13 in Fundamental Issues in Trade Theory, 1979, pp 142-158 from Palgrave Macmillan

Abstract: Abstract While the available, common theories of trade perhaps capture some aspects of the significance of natural resource availabilities for patterns and volumes of trade, few would argue that they focus well on the role of produced means of production and of their accumulation. Yet, without denying the importance of natural resources for trade — which it would be difficult to do in the 1970s — it must be recognised that growth, produced means of production and trade in the latter are major features of contemporary world trade.1 It is therefore natural to ask whether these aspects of trade can be captured in a reasonably simple analysis.

Date: 1979
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DOI: 10.1007/978-1-349-04378-1_13

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