adam smith's theory of international trade in the perspective of economic development

adam smith's theory of international trade in the perspective of economic development

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1、TheSuntoryandToyotaInternationalCentresforEconomicsandRelatedDisciplinesAdamSmith'sTheoryofInternationalTradeinthePerspectiveofEconomicDevelopmentAuthor(s):H.MyintSource:Economica,NewSeries,Vol.44,No.175(Aug.,1977),pp.231-248Publishedby:WileyonbehalfofTheLondonSchoolofEconomicsandPoliticalScience

2、andTheSuntoryandToyotaInternationalCentresforEconomicsandRelatedDisciplinesStableURL:http://www.jstor.org/stable/2553648Accessed:15-08-201421:29UTCYouruseoftheJSTORarchiveindicatesyouracceptanceoftheTerms&ConditionsofUse,availableathttp://www.jstor.org/page/info/about/policies/terms.jspJSTORisano

3、t-for-profitservicethathelpsscholars,researchers,andstudentsdiscover,use,andbuilduponawiderangeofcontentinatrusteddigitalarchive.Weuseinformationtechnologyandtoolstoincreaseproductivityandfacilitatenewformsofscholarship.FormoreinformationaboutJSTOR,pleasecontactsupport@jstor.org.Wiley,TheLondonSc

4、hoolofEconomicsandPoliticalScienceandTheSuntoryandToyotaInternationalCentresforEconomicsandRelatedDisciplinesarecollaboratingwithJSTORtodigitize,preserveandextendaccesstoEconomica.http://www.jstor.orgThiscontentdownloadedfrom220.178.4.217onFri,15Aug201421:29:38UTCAllusesubjecttoJSTORTermsandCondi

5、tionsEconomica,44,231-248AdamSmith'sTheoryofInternationalTradeinthePerspectiveofEconomicDevelopmentByH.MYINTTheLondonSchoolofEconomicsAdamSmithishighlyesteemedforhis"immenseunderstandingoftheforcesthatgovernthestructureanddevelopmentofeconomies"(Stigler,1952).Butheisnotesteemedasaninternationaltr

6、adetheorist.Themaincriticismagainsthimisthathefailedtodiscovertheprincipleofcompara-tivecostsandthisfailurevitiatedhiswholeapproachtothesubject.Ithasalsobeensaidthathistradetheoryismixedupwithotherdubiousdoctrines,suchasthecapacityofequalcapitalstoputintomotiondifferentquantitiesofproductivelabou

7、randthe"vent-for-surplus"theory,whichdonotlendthemselvestoaclearandconsistentinterpretation.ForausefulsummaryofthesecriticismsbyadistinguishedlineofeconomistsincludingBastable,RobbinsandViner,seeBloomfield(1975).Hereco

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