Theory of International Trade

0.0

In a previous book The Theory of Value, Capital and Interest, the systemic theory of value was developed for a closed economy. Now the economy is opened and the same theory is applied to international trade. Both books are intended to provide an alternative theoretical paradigm. The mainstream neoclassical theory, based on Heckscheer-Ohlin-Samuelson theorem, is shown to be logically contradictory and empirically refuted, justifying the search for a new approach.

0.0

BRANKO HORVAT is a Director of the Institute for Advanced Studies, Zagreb. He was born in Petrinja, Croatia. As a boy he participated in partisan guerrilla against fascist invaders. He was educated in economics, philosophy and sociology at Zagreb University, London School of Economics and Manchester University where he took his doctorate. He has since held positions at Massachusetts Institute of Technology, Harvard University, Manchester University and the Ford Foundation. He has been Chief Methodologist at the Federal Planning Bureau and a Member of the Federal Economic Council. He was Founder and Director of the Institute of Economic Sciences and Founding editor of Economic Analysis. He was also Founding President of the International Association for the Economics of Participation. He has been Adviser to several governments, and guest Professor to a dozen universities, including Cambridge, Paris, Michigan University, Yale and Berkeley. His work has been translated into fifteen languages.