IDEAS home Printed from https://ideas.repec.org/a/fip/fedrer/y1988ijanp3-15nv.74no.1.html
   My bibliography  Save this article

The trade theorist's sacred diagram: its origin and early development

Author

Listed:
  • Thomas M. Humphrey

Abstract

From Irving Fisher in 1907 to Jan Tinbergen in 1945 at least eight economists developed the famous diagram used to demonstrate the gains from international trade.

Suggested Citation

  • Thomas M. Humphrey, 1988. "The trade theorist's sacred diagram: its origin and early development," Economic Review, Federal Reserve Bank of Richmond, vol. 74(Jan), pages 3-15.
    • Handle: RePEc:fip:fedrer:y:1988:i:jan:p:3-15:n:v.74no.1
    as

    Download full text from publisher

    File URL: https://fraser.stlouisfed.org/files/docs/publications/frbrichreview/rev_frbrich198801.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Maneschi, Andrea & Thweatt, William O., 1987. "Barone's 1908 representation of an economy's trade equilibrium and the gains from trade," Journal of International Economics, Elsevier, vol. 22(3-4), pages 375-382, May.
    2. Wassily W. Leontief, 1933. "The Use of Indifference Curves in the Analysis of Foreign Trade," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 47(3), pages 493-503.
    3. J. Hirshleifer, 1958. "On the Theory of Optimal Investment Decision," Journal of Political Economy, University of Chicago Press, vol. 66(4), pages 329-329.
    4. Robert E. Baldwin, 1982. "Gottfried Haberler's Contributions to International Trade Theory and Policy," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 97(1), pages 141-148.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Robert L. Hetzel, 1994. "The free trade debate: the illusion of security versus growth," Economic Quarterly, Federal Reserve Bank of Richmond, issue Spr, pages 39-58.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Ronald W. Jones, 2010. "Production Possibility Frontiers," Chapters, in: Mark Blaug & Peter Lloyd (ed.), Famous Figures and Diagrams in Economics, chapter 33, Edward Elgar Publishing.
    2. Peter Lloyd, 2010. "The Trade Theory Diagram," Chapters, in: Mark Blaug & Peter Lloyd (ed.), Famous Figures and Diagrams in Economics, chapter 42, Edward Elgar Publishing.
    3. Beccuti, Juan & Möller, Marc, 2021. "Screening by mode of trade," Games and Economic Behavior, Elsevier, vol. 129(C), pages 400-420.
    4. Kruschwitz, Lutz & Löffler, Andreas & Lorenz, Daniela, 2019. "Divergent interest rates in the theory of financial markets," The Quarterly Review of Economics and Finance, Elsevier, vol. 71(C), pages 48-55.
    5. Klingelhöfer, Heinz Eckart, 2009. "Investments in EOP-technologies and emissions trading - Results from a linear programming approach and sensitivity analysis," European Journal of Operational Research, Elsevier, vol. 196(1), pages 370-383, July.
    6. Figge, Frank & Hahn, Tobias & Barkemeyer, Ralf, 2014. "The If, How and Where of assessing sustainable resource use," Ecological Economics, Elsevier, vol. 105(C), pages 274-283.
    7. Philip L. Brock, 2009. "Collateral Constraints and Macroeconomic Adjustment in an Open Economy," Working Papers UWEC-2009-03, University of Washington, Department of Economics.
    8. Becker, Sascha O. & Egger, Peter H. & von Ehrlich, Maximilian, 2012. "Too much of a good thing? On the growth effects of the EU's regional policy," European Economic Review, Elsevier, vol. 56(4), pages 648-668.
    9. Lamberton, Charles Elvig, 1975. "Localized technical progress in a dynamic theory of the firm," ISU General Staff Papers 197501010800006377, Iowa State University, Department of Economics.
    10. Alan V. DEARDORFF, 2016. "What Do We (and Others) Mean by “The Terms of Trade”?," Turkish Economic Review, KSP Journals, vol. 3(2), pages 281-291, June.
    11. Dariusz Kotlewski, 2022. "Przesłanki za wykorzystaniem rachunkowości wzrostu gospodarczego w badaniu specjalizacji regionalnych," Ekonomista, Polskie Towarzystwo Ekonomiczne, issue 2, pages 235-258.
    12. Reinhard H. Schmidt, 2015. "Theoriegeschichte, Methodologie, Unternehmenstheorie und Finanzierung im Werk von Dieter Schneider," Schmalenbach Journal of Business Research, Springer, vol. 67(4), pages 466-489, December.
    13. Mori, Naoya, 2010. "Tax clientele effects of dividends under intertemporal consumption choices," Journal of Banking & Finance, Elsevier, vol. 34(5), pages 1089-1097, May.
    14. Yuri Biondi, 2009. "Capital budgeting under relational contracting: optimal ranking and duration criteria for schemes of concession, project-financing and public-private partnership," Post-Print hal-00404305, HAL.
    15. Magni, Carlo Alberto, 2016. "Capital depreciation and the underdetermination of rate of return: A unifying perspective," Journal of Mathematical Economics, Elsevier, vol. 67(C), pages 54-79.
    16. Gino Favero & Gherardo Piacitelli, 2024. "Irr and equivalence of cash-flow streams, loans, and portfolios of bonds," Decisions in Economics and Finance, Springer;Associazione per la Matematica, vol. 47(2), pages 379-399, December.
    17. Lu Zhang, 2017. "The Investment CAPM," European Financial Management, European Financial Management Association, vol. 23(4), pages 545-603, September.
    18. Marc Bertonèche & Herwig Langohr, 1977. "Le choix des investissements en situation de rationnement du capital : comparaison des solutions fournies par différents modèles théoriques," Revue Économique, Programme National Persée, vol. 28(5), pages 730-764.
    19. Syarifuddin, Ferry, 2020. "An Optimal Islamic Investment Decision in Two-region Economy: The Case of Indonesia and Malaysia," MPRA Paper 104809, University Library of Munich, Germany.
    20. Osborne, Michael J., 2010. "A resolution to the NPV-IRR debate?," The Quarterly Review of Economics and Finance, Elsevier, vol. 50(2), pages 234-239, May.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fip:fedrer:y:1988:i:jan:p:3-15:n:v.74no.1. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Christian Pascasio (email available below). General contact details of provider: https://edirc.repec.org/data/frbrius.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.