Wednesday, January 01, 2014

Updated Paper: "On the Loss From Trade"

I have updated my paper, On the Loss From Trade, available for download from the Social Science Research Network (SSRN). Changes include:

  • Correction of a mistake in calculating price Wicksell effects.
  • Improvement in the modeling of utility-maximization so as to rationalize specific values of the interest rates on Neoclassical premises.
  • Expanded literature review, just so the reader knows that, for example, I am aware of other theories for explaining the pattern of trade, beyond or opposed to the theory of comparative advantage.
  • Lots of minor changes in wording and exposition, most of which I cannot recall offhand.

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