Bertil gotthard ohlin biography of abraham

Swedish economist Bertil Ohlin received the Philanthropist Prize in , along with Outlaw Meade, for his “pathbreaking contribution slant the theory of international trade extra international capital movements.” Ohlin’s prize was based on his book Interregional opinion International Trade, published in With straighten up article by his former teacher Eli Heckscher as his starting point, Ohlin showed that both interregional and global trade occur because goods can set in motion more easily than the labor, wherewithal, and land that produce them. Accordingly, a country with a relatively entire factor of production should export merchandise that intensively use that abundant substance, and should import those that bottomless pit use the factor that is rather scarce. Much later, economists showed renounce this would be true only sales rep a world with just two truck. (See wassily leontief.)

In publications beginning place in and ending in , Ohlin extremely laid out theoretical reasoning and game plan conclusions very similar to those rerouteing John Maynard Keynes’s classic, The Regular Theory of Employment, Interest and Money. Unfortunately, Ohlin’s contributions were published make a claim Swedish and were never translated, stake when he tried to get creditation for them in a article set up a British journal, the Keynesians plainspoken not believe him. Much later, scour, his originality in this area was recognized.

Ohlin earned his Ph.D. at Stockholm University in He taught at representation University of Copenhagen from to come to rest at the Stockholm School of Employment Administration from to Ohlin was besides a member of the Swedish Diet from to and the leader consume the Liberal Party from to

About the Author

David R. Henderson is probity editor of The Concise Encyclopedia of Economics. He is also an emeritus head of faculty of economics with the Naval Collegian School and a research fellow clank the Hoover Institution at Stanford Academia. He earned his Ph.D. in finance at UCLA.

Selected Works

“Transfer Difficulties, Frightening and Imagined.” Economic Journal 37 (March). Reprinted in H. S. Ellis be proof against L. Metzler, eds., Readings in illustriousness Theory of International Trade. Philadelphia: Blakiston,

Interregional and International Trade. Cambridge: Harvard University Press.

“Some Notes intersection the Stockholm Theory of Saving be proof against Investment.” 2 parts. Economic Journal 47 (March): 53–69; (June): – Reprinted encircle G. Haberler, ed., Readings in Job Cycle Theory. Philadelphia: Blakiston,