The development of a more general theory of international trade and resource allocation has been designed to serve two purposes. The first of these is destructive: to rid the existing corpus of economic thought of an overly refined and excessively simple orthodoxy in international economic theory. The second purpose is constructive: to provide a general and flexible but realistic frame of reference to serve as a basis for analyses of international economic phenomena.


Extreme Version Factor Migration Factor Price Equalization Orthodox Theory Realistic Frame 
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  1. 2.
    See Shubik, Journal of Economic Literature (June 1970), pp. 4, 6, 7.Google Scholar

Copyright information

© H. Peter Gray 1976

Authors and Affiliations

  • H. Peter Gray
    • 1
  1. 1.Belle MeadUSA

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