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Background of Classical Mechanism Theory
First General Equilibrium Treatment of the International
Exchanges and Their Effects
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abroad analysis assumed assumptions B's currency balance of payments balance-of-payments balancing process bank Britain British capital changes commodities compared costs country A's decline depreciation devaluation dollar shortage domestic prices economic development economic equilibrium economic growth effect England equilibrium excess capacity exchange rates expansion export prices export surplus factors foodstuffs foreign exchange foreign investment foreign trade Gervaise gold greater Ibid improvement income effects increase industrial countries inflation international balance international mechanism International Trade J. R. Hicks Jacob Viner Keynes Keynesian League of Nations long-term mechanism of adjustment ment million monetary money incomes national income Ohlin percent period primary products problem proportion quantity rate of growth raw materials real income reduced result Review of Economics rise rose Say's Law Simon Kuznets stream of total structure tend terms of trade theory tion total domestic expenditure total expenditure trade balance United Kingdom volume wages world trade