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The Concepts Underlying the Generalized Theory

In: A Generalized Theory of International Trade

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  • H. Peter Gray

Abstract

The purpose of this chapter is to introduce the three concepts that broaden the traditional model and allow it to apply to a wider range of real-world problems. The three concepts are interrelated. Consequently, the order of their introduction is determined by expositional considerations rather than by any measure of the importance of the concepts. The three concepts are: an explicit time dimension; a three-part production function; and the integration into the model of three different types of goods.

Suggested Citation

  • H. Peter Gray, 1976. "The Concepts Underlying the Generalized Theory," Palgrave Macmillan Books, in: A Generalized Theory of International Trade, chapter 3, pages 34-55, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-02883-2_3
    DOI: 10.1007/978-1-349-02883-2_3
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