An Outline of International Price Theory

Acknowledgment
Preface
I. Introduction
	2. The Problems
	3. A Bird’s-eye View of the History of the Theory of International Price Relationships
	4. The Plan of the Following Chapters
II. The Mercantilistic Theories
	1. Mercantilism
	2. The Controversy concerning the Price Revolution
	3. The Foreign Exchanges Controversy
	4. Gerrard de Malynes
	5. The Balance of Trade Controversy
	6. Vaughan, Petty, and Potter
	7. The First Protectionist Controversy
	8. John Locke and Nicholas Barbon
	9. John Law and Others
	10. Cantillon and Others
	11. Summary
III. From David Hume to J. S. Mill: The Development of the Classical Theories
	1. David Hume
	2. The Physiocrats and Adam Smith
	3. The Bank Restriction Controversy
	4. Foster and the Report on Irish Currency
	5. Wheatley and Blake
	6. The Bullion Report: Ricardo and Bosanquet
	7. Nassau Senior
	8. The Bank Charter Act Controversy
	9. The Restatement by J. S. Mill
	10. Summary
IV. The Classical Theory of International Trade
	1. The Argument for a Separate Theory for International Trade
	2. The Doctrine of Comparative Costs
	3. The Same Subject Continued
	4. The Doctrine of Reciprocal Demands
	5. Marshall’s Restatement of the Theory of International Value
	6. Cost of Transport as a Factor in International Trade
	7. The Classical Theory of International Trade as the Foundation of the Classical Theory of International Price Relationships
V. Post-Classical Development of the Monetary Aspects of the Theory of International Price Relationships: 1848–1918
	1. The Controversy concerning the Gold Discoveries of 1848–1851
	2. The Same Subject Continued
	3. Goschen, Bagehot, and Laughlin
	4. De Laveleye and Juglar
	5. Sidgwick, Giffen, and Marshall
	6. Knut Wicksell
	7. Later Restatements of the Classical Doctrines
	8. The Theory of R. G. Hawtrey
	9. Summary
VI. Developments Since 1918: Theories of the Exchanges Under Depreciated Currencies
	1. Preliminary Remarks
	2. The Purchasing Power Parity Theory and Cassel’s Version of it
	3. The Importance of Cost of Conveyance and the Role of International Demands: Pigou, Viner, and Heckscher
	4. The Dynamic Factors
VII. Developments Since 1918: The Transfer Problem
	1. Theories of Transfer and Their Developments Before the Great War
	2. The Earlier Controversy: Taussig, Wicksell, and Viner
	3. The Reparation Discussions: The Controversy between Keynes and Ohlin
	4. The Restatements by Haberler, Iversen, and Nurkse
VIII. Developments Since 1918: Attempts To Extend The Mutual Interdependence Theory of Pricing to the Domain of International Economics
	1. The Case of Joint Production and the Problem of General Equilibrium
	2. Ohlin’s Theory of International Trade
	3. The Theory of International Price Relationships in the Case of Join Production
IX. Conclusion
	1. The Present Position of the Theory of International Price Relationships
	2. The Same Subject—Continued
Bibliography
	Abbreviations used
	1. Mercantilistic Theories
	2. From David Hume to J. S. Mill.
	3. The Post-Classical Writings: 1848–1918.
	4. The Developments Since the War
Index of Subjects
Index of Names