An Outline of International Price Theory by Chi-Yuen Wu

By Chi-Yuen Wu

Chi-Yuen Wu from China was once an Austrian expense theorist writing in the course of Mises's personal time. His nice contribution used to be this 1939 treatise written whereas learning on the London university of Economics, lower than the assistance of Lionel Robbins. notwithstanding the writer offers basically with the background of notion, Murray Rothbard thought of it to be a seminal contribution to the speculation of expense and overseas alternate.

Show description

Read or Download An Outline of International Price Theory PDF

Best economic history books

Economic Thought Since Keynes: A History and Dictionary of Major Economists

Financial proposal on account that Keynes offers a concise evaluate of adjusting financial idea within the latter a part of the 20 th century. half I is an old account of financial inspiration. half II is an research in their contribution to fiscal idea and a advisor to the secondary literature.

Mammon's Music: Literature and Economics in the Age of Milton

This booklet explores what the economic revolution of the 17th century intended to the best poet of the period, John Milton, and the wider literary culture during which he labored. New financial rules stimulated a variety of Milton's most renowned writings as he and different authors engaged with the commercial discourse of the age, reimagining rules approximately self, group, and empire.

Model Risk - Identification, Measurement and Management

Over the last decade the monetary provider has spent large assets on construction types to degree monetary hazards. in general, those types predictions have been used with out acknowledging that fact could or won't mirror the assumptions made and hence the predictions. The publication goals to supply options on the right way to contain version chance into current threat size frameworks.

Outcast London: A Study in the Relationship Between Classes in Victorian Society

 At the time the most important urban on the planet, Victorian London intrigued and appalled politicians, priests, novelists and social investigators. Dickens, Mayhew, sales space, Gissing and George Bernard Shaw, to call yet a number of, developed a morbid fascination with its sullied streets and the sensational gulf between London periods.

Additional resources for An Outline of International Price Theory

Sample text

Then we do receiuve for the price of our home Commodities ". a The examination of that problem was of great importance in his system of thought, because the condition might constitute the alternative cause of an overbalance of trade. The conclusion to which he came, however, was not new. 3 The value of his contribution lies in the fact that he combined all preceding theories into a comprehensive theory of international price relationships. He started from the bullionistic theory of foreign exchange, went through Bodin's theory of money and prices and reached Hales's doctrine.

1 He was, however, of the opinion " that to shew the alternation of the price of things and the causes thereof, is of small moment, the true ground of the matter . . must be by making a comparison of the enhauncing of the price of the Commodities of one countrie, with the price of the Commodities of other countries : and thereby to find out, whether things are grown deare with vs in effect ; and whether we pay more proportionably for the forraine Commodities . . then we do receiuve for the price of our home Commodities ".

Owing to the high costs of production, the English textile industries could not withstand the competition of the Indian imports. The result was that in the last decade of the century the English woollen and silk industries faced a grave crisis. Those industries were experiencing depression and unemployment, and complaints were made by the weavers and the public in general against the East India trade. The East India Company naturally replied to the attacks that were made on its trade, and the result was the protectionist controversy.

Download PDF sample

Rated 4.70 of 5 – based on 8 votes

Related posts