Triangles and trade : Lionel McKenzie as a trade theorist
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Special issue in honor of Prpfessor Michihiro OhyamaIn early work in the 1950's Lionel McKenzie utilized two versions of "trade triangles" in exploring efficient patterns of specialization in Ricardian models, on the one hand, and factor price equalization possibilities with free trade, on the other. In the former triangle the corners repesented commodities and in the latter factors of production.The nature of McKenzie's contribution is described and, for each case, more recent use by others of these same triangles: Roy Ruffin for the goods triangle, in which labor is the only factor of production but each country has an endowment of all types of labor, and work by Jones, Marjit and Mitra for the factor triangle to illustrate strong Stolper-Samuelson possibilities.
- Keio Economic Society, Keio Universityの論文
- 2005-00-00
Keio Economic Society, Keio University | 論文
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