2011 (English)In: Oligopoly: Old Ends - New Means / [ed] Tönu Puu, Berlin: Springer Berlin/Heidelberg, 2011, 1-16 p.Chapter in book (Other academic)
According to Joseph Schumpeter’s “History of Economic Analysis” from 1954 - the still unsurpassed source book for economics, mathematical modelling in the field had two roots. The first was Johann Heinrich von Thünen’s theory of land use dating from 1827, implicitly containing the most general theory of the emergence of specialization and trade ever presented up to now, as it was based on the mathematical principle of transversality alone; much more general than the Ricardian comparative advantages or the later Heckscher–Ohlin theory which also was based on immobile resources. As a historical irony the theory has not to this day been recognized as anything more than a theory in agricultural economics.
Place, publisher, year, edition, pages
Berlin: Springer Berlin/Heidelberg, 2011. 1-16 p.
Social Sciences Interdisciplinary
IdentifiersURN: urn:nbn:se:umu:diva-74546DOI: 10.1007/978-3-642-15964-0_1ISI: 000285558400001ISBN: 978-3-642-15963-3ISBN: 978-3-642-15964-0OAI: oai:DiVA.org:umu-74546DiVA: diva2:635080