Gottfried Haberler
Selected Essays of Gottfried Haberler.
The MIT Press, 1985. First edition. Edited by Anthony Y. C. Koo. 0262111055 xi/652 pages.
Volume, measuring approximately 6.5" x 9.5", is bound in maroon cloth, with stamped white lettering to spine. Book is like new. Binding is firm. Small red mark is visible on bottom edge of text block. Interior is clean and bright. Dust jacket shows light shelfwear. Jacket is preserved in mylar cover.
"Gottfried Haberler's contributions to the field of international trade and finance began in the 1920s with a seminal paper on comparative costs. His continuing contributions to open economy analysis, development, business cycles and inflation, the theory of money, and rational expections are highlighted in this selection of 27 essays spanning the years 1925 to 1980. The essays are divided into five major sections, representing the subdisciplines of Haberler's most significant work. The first section on international trade contains his work on comparative costs, comparative advantage, and the location of production and international trade. A section on international finance deals with the state of the international monetary system under conditions of world recession, control over international reserve, U.S. balance-of-payments policy, currency depreciation and the terms of trade, and transfer and price movements. The topic of inflation and business cycles is covered in the third section, with essays on income policies, stagflation, and the Great Depression, and the international transmission of inflation. Section four deals with economic development, and the concluding section contains essays on the theory of money and general macroeconomic theory. Several articles are translated here for the first time and there is a complete bibliography of Haberler's work up to 1980." Gottfried von Haberler (1900-1995) was an Austrian-American economist. He worked in particular on international trade. One of his major contributions was reformulating the Ricardian idea of comparative advantage in a neoclassical framework, abandoning the labor theory of value for an opportunity cost concept. Haberler joined the economics department at Harvard University in 1936 and left in 1971 to become a resident scholar at the American Enterprise Institute.