Positive Economics, Comparative Advantage, and Underdevelopment

Too often the work of radical intellectuals denies the validity of conventional econ theory, but nonetheless is confined by its scope. Rather than accepting micro & macro econ theory as useful analytical devices for understanding market commodity & exchange relations & then grounding it...

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Bibliographic Details
Published in:Science & society (New York. 1936) 1971-07, Vol.35 (2), p.169-176
Main Author: Weaver, F. Stirton
Format: Article
Language:English
Subjects:
Bourgeois
Capitalism
Economic analysis
Economic development
Economic theory
Economic/Economics/Economical
Financial investments
Foreign investments
International economics
International trade
Theory/Theories/Theorem/ Theorizing
Trade surplus
Underdevelop/Underdeveloped/ Underdevelopment
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Summary:Too often the work of radical intellectuals denies the validity of conventional econ theory, but nonetheless is confined by its scope. Rather than accepting micro & macro econ theory as useful analytical devices for understanding market commodity & exchange relations & then grounding it in class analysis, the dominant tendency in left-wing scholarship is to maintain the emphasis on resource flows & try reversing the conclusions of conventional theory. This is particularly serious in efforts to compare the impact of the internat'l economy on Latin Amer & Canadian development, & the consequence is to fall into logical error & to make a shambles of historical interpretation. AA.
ISSN:0036-8237
1943-2801