Ron Baiman

The Global Free Trade Error (eBook, ePUB)

The Infeasibility of Ricardo's Comparative Advantage Theory

• Format: ePub

Produktbeschreibung

This book provides a detailed analysis and counter-poses alternative Neo-Marxist "unequal exchange" foundational models of global trade and finance. In the first part of the book the three core free trade models are respectively demonstrated to be: overdetermined, inapplicable, and infeasible. In the second part of the book unequal exchange analyses of global trade are shown to provide logically coherent and useful insights into global trade and finance. In the third and final part of the book, this unequal exchange perspective is used, within a general "Demand and Cost" setting to develop a set of global managed trade principles for a more equitable and sustainable world trade regime.

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Produktdetails

• Verlag: Taylor & Francis
• Seitenzahl: 180
• Erscheinungstermin: 24. Februar 2017
• Englisch
• ISBN-13: 9781317527015
• Artikelnr.: 47907121

Autorenporträt

Ron Baiman teaches economics in the MBA program at Benedictine University, U.S. He has written numerous academic and policy papers, served for many years on the Editorial Board of the Review of Radical Political Economics, and is the author of The Morality of Radical Economics: Ghost Curve Ideology and the Value Neutral Aspect of Neoclassical Economics, and co-author and co-editor of the Choice award winning collection: Political Economy and Contemporary Capitalism.

Inhaltsangabe

List of figures
List of tables
Acknowledgements
1 Introduction
PART I The illogical foundations of free trade ideology
2 The infeasibility of free trade in classical theory: Ricardo's
comparative advantage parable has no solution
3 The limits of free trade in Neoclassical theory: from Heckscher-Ohlin to
unequal exchange
4 Globally sustainable and balanced international trade based on
exchange-rate adjustment is mathematically unstable and therefore
economically infeasible
PART II The logical (and moral) foundations of unequal exchange trade
theory
5 Unequal exchange without a labor theory of prices: on the need for a
global Marshall Plan and solidarity trading regime
6 Unequal exchange and the rentier economy
PART III Globalization that supports human and planetary well-being
7 Toward a new political economy for the U.S.
8 There is no alternative to managed global trade
Index