山口経済学雑誌

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山口経済学雑誌 Volume 66 Issue 3
published_at 2017-09-30

Conditions of trade

貿易の成立条件
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C050066000301.pdf
Descriptions
Usually economics insists that trade gives benefit for counties. But this insistence is based on Ricard's comparative cost theory. and this theory assumes full employment. Also the production is performed on the production frontier. However, the production in capitalist economy is determined based on the profit of each company. In this paper the difficulty of gaining profit by trade is explained.