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