A note on Mill's theory of international values

This note provides an algebraic formulation of the analysis contained in section 7 of John Stuart Mill's chapter on international values. It is shown that Mill's results can be obtained as the solution to a pair of nonlinear programming problems. In addition, an error in Mill's analys...

Full description

Saved in:
Bibliographic Details
Published in:Journal of international economics 1979-11, Vol.9 (4), p.583-587
Main Author: Dalal, Ardeshir J.
Format: Article
Language:English
Citations: Items that this one cites
Items that cite this one
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:This note provides an algebraic formulation of the analysis contained in section 7 of John Stuart Mill's chapter on international values. It is shown that Mill's results can be obtained as the solution to a pair of nonlinear programming problems. In addition, an error in Mill's analysis regarding the post-trade terms of exchange is pointed out.
ISSN:0022-1996
1873-0353
DOI:10.1016/0022-1996(79)90024-2