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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 sta...
In this engaging volume, the editors present the influential work of economist Gottfried Haberler, whom Paul Samuelson judges qualified "for about two-and-a-half Nobel prizes in economics." Throughout the book, Haberler's essays reveal the clarity of his analyses and his ability to identify crucial policy choices, whether grappling with issues of inflation, unemployment, trade, or development. Presenting Haberler as the eclectic economist he is, the editors show that far from being an ideologue, Haberler is an economist who uses whatever approaches and theories are appropriate for the problems he considers.
Gottfried Haberler's work on the theories of classical international trade and comparative cost, as well as his definitive synthesis of business cycle theory, have made a major impact on economic knowledge and understanding. He also participated actively in the post-war analysis of the causes of and cures for inflation, particularly in relation to questions of international monetary reform.