The Theory I: From Autarky to Trade

  • H. Peter Gray


The generalized theory is, in a large measure, derivative rom the orthodox theory. However, the assumptions of the two theories are sufficiently different that the assumptions of the generalized theory must be set down clearly and explicitly before the theory can be developed.


Production Function International Trade Income Distribution Transfer Price Offer Curve 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.


  1. 1.
    See Joan Robinson, ‘The Measure of Capital’, The Economic Journal 81, (September 1971), pp. 597–601.CrossRefGoogle Scholar
  2. 7.
    Cf. Samuelson, ‘Theoretical Notes on Trade Problems’, Review of Economics and Statistics (May 1964), p. 146.Google Scholar
  3. 8.
    James E. Meade, A Geometry of International Trade ( London: George Allen and Unwin, 1952 ).Google Scholar
  4. 11.
    See Raymond Vernon, ‘International Investment and International Trade in the Product Cycle’, Quarterly Journal of Economics 80, (May 1966), pp. 190–207.CrossRefGoogle Scholar

Copyright information

© H. Peter Gray 1976

Authors and Affiliations

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

Personalised recommendations