Allocation in space: production, transport and industrial location
In: Contributions to economic analysis 14
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In: Contributions to economic analysis 14
In: Center of Planning and Economic Research Training seminar series, 7
In: Economic Development and Cultural Change, Band 58, Heft 4, S. 805-808
ISSN: 1539-2988
In: History of political thought, Band 21, Heft 3, S. 525-542
ISSN: 0143-781X
Classical economics was oriented toward the advancement of the common interest as defined by the political institutions of the state, whereas neoclassicism is defined in a social & political vacuum. Furthermore, the former related realistically to an excess supply of labor, while the latter assumes full employment. These differences have significant implications for income distribution, accumulation, growth & development. Classical economists advocated free trade to increase domestic productivity & employment at stable or growing real wages. Contemporary globalization recreates the classical surplus labor economy to reduce domestic wage levels through moving domestic production from high to low wage areas around the globe. Free trade becomes necessary so that the goods produced abroad can be imported into capital exporting countries. However, without a corresponding growth of exportables, the trade balance must be adversely affected. Furthermore, adverse changes in income distribution diminish domestic demand for goods. The policy of globalization must become self-defeating. Adapted from the source document.
In: Economic Development and Cultural Change, Band 46, Heft 3, S. 669-674
ISSN: 1539-2988
In: Economic Development and Cultural Change, Band 43, Heft 3, S. 673-677
ISSN: 1539-2988
In: Economic Development and Cultural Change, Band 42, Heft 1, S. 226-233
ISSN: 1539-2988
In: Desarrollo económico: revista de ciencias sociales, Band 31, Heft 122, S. 251
ISSN: 1853-8185
In: Economic Development and Cultural Change, Band 38, Heft 3, S. 670-676
ISSN: 1539-2988
In: International journal of political economy: a journal of translations, Band 19, Heft 4, S. 32-55
ISSN: 1558-0970
In: Economic Development and Cultural Change, Band 37, Heft 3, S. 657-663
ISSN: 1539-2988
In: Journal of political economy, Band 86, Heft 1, S. 165-167
ISSN: 1537-534X
In: World development: the multi-disciplinary international journal devoted to the study and promotion of world development, Band 2, Heft 1, S. 1-8
In: The Canadian Journal of Economics, Band 12, Heft 3, S. 542
In: Economica, Band 44, Heft 175, S. 311