The Global Free Trade Error: The Infeasibility of Ricardo's Comparative Advantage Theory

ISBN-13: 9780367872359 / Angielski / Miękka / 2019 / 168 str.

Ron Baiman

Opis

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

Recenzje

‘The doctrine of "free trade" is second only to that of "free markets" in undergirding ideological support for our current global economic structures and rules. The Global Free Trade Error provides a detailed analysis of these foundational models and counter-poses these to alternative Neo-Marxist "unequal exchange" models of global trade and finance.’ — www.urpe.org (February 20, 2017)

Spis treści

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

O autorze

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.