Stability Conditions in the Pure Theory of International Trade: A Rehabilitation of the Marshallian Approach

Akihiro Amano

22 citations0/0 files storedThe Quarterly Journal of Economics

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Global trade and economics Economic Theory and Policy Economic theories and models

Abstract

I. Introduction, 326. — II. Marshall's stability conditions versus the elasticity criterion, 327. — III. Some related problems, 329. — IV. Temporary equilibrium and its stability, 331. — V. Long-run equilibrium and its stability, 332. — VI. Stability conditions and the elasticities of offer curves, 335. — VII. Concluding remarks, 336.

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1949Reciprocal Demand and Increasing Returns

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1981A dynamic quantity adjustment process in a small open economy, and welfare effects of tariff changes 1981A. Marshall, 1842–1924

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