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Erschienen in:
1973 | OriginalPaper | Buchkapitel
Gains from Trade
verfasst von : Raveendra N. Batra
Erschienen in: Studies in the Pure Theory of International Trade
Verlag: Palgrave Macmillan UK
Enthalten in: Professional Book Archive
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The theory of gains from trade is almost as old as economics itself. Early contributions in trade theory were motivated by the desire to demonstrate the speciousness of protectionist policies advocated by the Mercantilist School. Adam Smith was among the first to point out the beneficial effects of international trade because it provided expanded opportunities for ‘division of labour’, or for what the modern writers call ‘specialisation’.