THE GLOBAL LINKAGES

E Ray Canterbery

Chapter 11 in Inequality and Global Supra-surplus Capitalism, 2018, pp 167-186 from World Scientific Publishing Co. Pte. Ltd.

Abstract: H. Peter Gray develops a paradigm for the analysis of international involvement (IEI) in his 1999 book. He wants to avoid a formal construct, such as that characterizing the Heckscher–Ohlin–Samuelson theory (H–O–S) or even the intra-industry trade models based on economies of scale and product differentiation (Krugman). He shuns the later because their treatment of technology is too limited and they, at best explain trade only among the industrialized nations. Gray also dismisses the “technology gap” models of North–South trade for focusing exclusively on trade between innovating countries and follower countries while failing to explain differences among technology-intensive goods and other goods.

Keywords: Capitalism; Production Surpluses; Supra-surpluses; Casino Economy; Inequality; Vita Theory; Great Recession; Subsistence; Minimum Wage; Markup; Kaleckian Power; Stagnation; Innovation; Technological Advance; Income Distribution; Wealth Distribution; Fiscal Policy; Monetary Policy; Incomes Policy; Zero-interest Rate Society; Trump; 2016 Campaign; John Kenneth Galbraith; Conventional Wisdom; Expectations; Budget Shares; Veblenian Demand; Engel's Law; Casino Effect; Economic Power (search for similar items in EconPapers)
JEL-codes: N00 (search for similar items in EconPapers)
Date: 2018
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.worldscientific.com/doi/pdf/10.1142/9789813200838_0011 (application/pdf)
https://www.worldscientific.com/doi/abs/10.1142/9789813200838_0011 (text/html)
Ebook Access is available upon purchase.

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:wsi:wschap:9789813200838_0011

Ordering information: This item can be ordered from

Access Statistics for this chapter

More chapters in World Scientific Book Chapters from World Scientific Publishing Co. Pte. Ltd.
Bibliographic data for series maintained by Tai Tone Lim ().