Mill's paradox - Revision history

Sebastian at 18:16, 8 May 2018

2018-05-08T18:16:42Z

← Older revision		Revision as of 18:16, 8 May 2018
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	~~The~~ Mill's paradox is a classical proposition that asserts an inverse correlation between the size of a country and the magnitude of its gains from its trade.<ref>{{cite book\|title=Research and Information System Digest, Volumes 12-17\|url=https://books.google.com.ar/books?id=2hjsAAAAMAAJ&q=%22Mill%27s+paradox%22&dq=%22Mill%27s+paradox%22&hl=en&sa=X&ved=0ahUKEwjQza262_baAhVCUJAKHWzeCw44ChDoAQgnMAA}}</ref> The term was coined by Edgeworth (1899).<ref>{{cite book\|last1=Maneschi\|first1=Andrea\|title=Comparative Advantage in International Trade: A Historical Perspective\|url=https://books.google.com.ar/books?id=Vu_igwzgYzoC&pg=PA118&lpg=PA118&dq=%22mill%27s+paradox%22&source=bl&ots=oXBMwrCV5U&sig=jPyT20YtNPNleqBwf-M6jwRMthc&hl=en&sa=X&ved=0ahUKEwjHw7-A2PbaAhVEhpAKHTYGAPkQ6AEINzAE#v=onepage&q=%22mill's%20paradox%22&f=false}}</ref> In {{w\|John Stuart Mill}}'s words, "The richest countries, ''caeteris paribus'', gain the least by a given amount of foreign commerce: since, having a greater demand for commodities generally, they are likely to have a greater demand for foreign commodities, and thus modify the terms of interchange to their own disadvantage".<ref>{{cite book\|last1=Dimand\|first1=Robert W.\|title=The Origins of International Economics: Classical theory of the gains from trade\|url=https://books.google.com.ar/books?id=NDPTeqMn9hwC&pg=PA489&lpg=PA489&dq=%22mill%27s+paradox%22&source=bl&ots=3k-gf0fJew&sig=V3QtQz2RQ_C9FATv6IdhBsnnTNM&hl=en&sa=X&ved=0ahUKEwjJkoPA1fbaAhWDEpAKHSvSArIQ6AEINDAD#v=onepage&q=%22mill's%20paradox%22&f=false}}</ref>		In economics, the Mill's paradox is a classical proposition that asserts an inverse correlation between the size of a country and the magnitude of its gains from its trade.<ref>{{cite book\|title=Research and Information System Digest, Volumes 12-17\|url=https://books.google.com.ar/books?id=2hjsAAAAMAAJ&q=%22Mill%27s+paradox%22&dq=%22Mill%27s+paradox%22&hl=en&sa=X&ved=0ahUKEwjQza262_baAhVCUJAKHWzeCw44ChDoAQgnMAA}}</ref> The term was coined by Edgeworth (1899).<ref>{{cite book\|last1=Maneschi\|first1=Andrea\|title=Comparative Advantage in International Trade: A Historical Perspective\|url=https://books.google.com.ar/books?id=Vu_igwzgYzoC&pg=PA118&lpg=PA118&dq=%22mill%27s+paradox%22&source=bl&ots=oXBMwrCV5U&sig=jPyT20YtNPNleqBwf-M6jwRMthc&hl=en&sa=X&ved=0ahUKEwjHw7-A2PbaAhVEhpAKHTYGAPkQ6AEINzAE#v=onepage&q=%22mill's%20paradox%22&f=false}}</ref> In {{w\|John Stuart Mill}}'s words, "The richest countries, ''caeteris paribus'', gain the least by a given amount of foreign commerce: since, having a greater demand for commodities generally, they are likely to have a greater demand for foreign commodities, and thus modify the terms of interchange to their own disadvantage".<ref>{{cite book\|last1=Dimand\|first1=Robert W.\|title=The Origins of International Economics: Classical theory of the gains from trade\|url=https://books.google.com.ar/books?id=NDPTeqMn9hwC&pg=PA489&lpg=PA489&dq=%22mill%27s+paradox%22&source=bl&ots=3k-gf0fJew&sig=V3QtQz2RQ_C9FATv6IdhBsnnTNM&hl=en&sa=X&ved=0ahUKEwjJkoPA1fbaAhWDEpAKHSvSArIQ6AEINDAD#v=onepage&q=%22mill's%20paradox%22&f=false}}</ref>

	John Somerset Chipman argues that the Mill's paradox is not a paradox at all; rather, it is another name for the Law of Demand.<ref>{{cite book\|last1=Somerset Chipman\|first1=John\|title=The Theory of International Trade, Volume 1\|url=https://books.google.com.ar/books?id=Sl1YcDJHYBMC&pg=PA16&lpg=PA16&dq=%22mill%27s+paradox%22+commerce&source=bl&ots=H-TIDXdhIA&sig=0cHiDiKN62XKep9QjW2SCkoBOnM&hl=en&sa=X&ved=0ahUKEwjesdbq1PbaAhVCDJAKHZ6-DIQQ6AEILzAB#v=onepage&q=%22mill's%20paradox%22%20commerce&f=false}}</ref>		John Somerset Chipman argues that the Mill's paradox is not a paradox at all; rather, it is another name for the Law of Demand.<ref>{{cite book\|last1=Somerset Chipman\|first1=John\|title=The Theory of International Trade, Volume 1\|url=https://books.google.com.ar/books?id=Sl1YcDJHYBMC&pg=PA16&lpg=PA16&dq=%22mill%27s+paradox%22+commerce&source=bl&ots=H-TIDXdhIA&sig=0cHiDiKN62XKep9QjW2SCkoBOnM&hl=en&sa=X&ved=0ahUKEwjesdbq1PbaAhVCDJAKHZ6-DIQQ6AEILzAB#v=onepage&q=%22mill's%20paradox%22%20commerce&f=false}}</ref>

Sebastian at 18:15, 8 May 2018

2018-05-08T18:15:00Z

← Older revision		Revision as of 18:15, 8 May 2018
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	The term was coined by Edgeworth (1899).<ref>{{cite book\|last1=Maneschi\|first1=Andrea\|title=Comparative Advantage in International Trade: A Historical Perspective\|url=https://books.google.com.ar/books?id=Vu_igwzgYzoC&pg=PA118&lpg=PA118&dq=%22mill%27s+paradox%22&source=bl&ots=oXBMwrCV5U&sig=jPyT20YtNPNleqBwf-M6jwRMthc&hl=en&sa=X&ved=0ahUKEwjHw7-A2PbaAhVEhpAKHTYGAPkQ6AEINzAE#v=onepage&q=%22mill's%20paradox%22&f=false}}</ref> In {{w\|John Stuart Mill}}'s words, "The richest countries, ''caeteris paribus'', gain the least by a given amount of foreign commerce: since, having a greater demand for commodities generally, they are likely to have a greater demand for foreign commodities, and thus modify the terms of interchange to their own disadvantage".<ref>{{cite book\|last1=Dimand\|first1=Robert W.\|title=The Origins of International Economics: Classical theory of the gains from trade\|url=https://books.google.com.ar/books?id=NDPTeqMn9hwC&pg=PA489&lpg=PA489&dq=%22mill%27s+paradox%22&source=bl&ots=3k-gf0fJew&sig=V3QtQz2RQ_C9FATv6IdhBsnnTNM&hl=en&sa=X&ved=0ahUKEwjJkoPA1fbaAhWDEpAKHSvSArIQ6AEINDAD#v=onepage&q=%22mill's%20paradox%22&f=false}}</ref>		The Mill's paradox is a classical proposition that asserts an inverse correlation between the size of a country and the magnitude of its gains from its trade.<ref>{{cite book\|title=Research and Information System Digest, Volumes 12-17\|url=https://books.google.com.ar/books?id=2hjsAAAAMAAJ&q=%22Mill%27s+paradox%22&dq=%22Mill%27s+paradox%22&hl=en&sa=X&ved=0ahUKEwjQza262_baAhVCUJAKHWzeCw44ChDoAQgnMAA}}</ref> The term was coined by Edgeworth (1899).<ref>{{cite book\|last1=Maneschi\|first1=Andrea\|title=Comparative Advantage in International Trade: A Historical Perspective\|url=https://books.google.com.ar/books?id=Vu_igwzgYzoC&pg=PA118&lpg=PA118&dq=%22mill%27s+paradox%22&source=bl&ots=oXBMwrCV5U&sig=jPyT20YtNPNleqBwf-M6jwRMthc&hl=en&sa=X&ved=0ahUKEwjHw7-A2PbaAhVEhpAKHTYGAPkQ6AEINzAE#v=onepage&q=%22mill's%20paradox%22&f=false}}</ref> In {{w\|John Stuart Mill}}'s words, "The richest countries, ''caeteris paribus'', gain the least by a given amount of foreign commerce: since, having a greater demand for commodities generally, they are likely to have a greater demand for foreign commodities, and thus modify the terms of interchange to their own disadvantage".<ref>{{cite book\|last1=Dimand\|first1=Robert W.\|title=The Origins of International Economics: Classical theory of the gains from trade\|url=https://books.google.com.ar/books?id=NDPTeqMn9hwC&pg=PA489&lpg=PA489&dq=%22mill%27s+paradox%22&source=bl&ots=3k-gf0fJew&sig=V3QtQz2RQ_C9FATv6IdhBsnnTNM&hl=en&sa=X&ved=0ahUKEwjJkoPA1fbaAhWDEpAKHSvSArIQ6AEINDAD#v=onepage&q=%22mill's%20paradox%22&f=false}}</ref>

	John Somerset Chipman argues that the Mill's paradox is not a paradox at all; rather, it is another name for the Law of Demand.<ref>{{cite book\|last1=Somerset Chipman\|first1=John\|title=The Theory of International Trade, Volume 1\|url=https://books.google.com.ar/books?id=Sl1YcDJHYBMC&pg=PA16&lpg=PA16&dq=%22mill%27s+paradox%22+commerce&source=bl&ots=H-TIDXdhIA&sig=0cHiDiKN62XKep9QjW2SCkoBOnM&hl=en&sa=X&ved=0ahUKEwjesdbq1PbaAhVCDJAKHZ6-DIQQ6AEILzAB#v=onepage&q=%22mill's%20paradox%22%20commerce&f=false}}</ref>		John Somerset Chipman argues that the Mill's paradox is not a paradox at all; rather, it is another name for the Law of Demand.<ref>{{cite book\|last1=Somerset Chipman\|first1=John\|title=The Theory of International Trade, Volume 1\|url=https://books.google.com.ar/books?id=Sl1YcDJHYBMC&pg=PA16&lpg=PA16&dq=%22mill%27s+paradox%22+commerce&source=bl&ots=H-TIDXdhIA&sig=0cHiDiKN62XKep9QjW2SCkoBOnM&hl=en&sa=X&ved=0ahUKEwjesdbq1PbaAhVCDJAKHZ6-DIQQ6AEILzAB#v=onepage&q=%22mill's%20paradox%22%20commerce&f=false}}</ref>

	Argentine economist {{w\|José Luis Espert}} uses Mill's paradox to explain why openness to free market among two countries, tend to favor the smallest country.<ref>{{cite book\|last1=Espert\|first1=José Luis\|title=La Argentina Devorada\|page=185}}</ref>



	== References ==		== References ==

Sebastian at 18:05, 8 May 2018

2018-05-08T18:05:51Z

← Older revision		Revision as of 18:05, 8 May 2018
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	John Somerset Chipman argues that the Mill's paradox is not a paradox at all; rather, it is another name for the Law of Demand.<ref>{{cite book\|last1=Somerset Chipman\|first1=John\|title=The Theory of International Trade, Volume 1\|url=https://books.google.com.ar/books?id=Sl1YcDJHYBMC&pg=PA16&lpg=PA16&dq=%22mill%27s+paradox%22+commerce&source=bl&ots=H-TIDXdhIA&sig=0cHiDiKN62XKep9QjW2SCkoBOnM&hl=en&sa=X&ved=0ahUKEwjesdbq1PbaAhVCDJAKHZ6-DIQQ6AEILzAB#v=onepage&q=%22mill's%20paradox%22%20commerce&f=false}}</ref>		John Somerset Chipman argues that the Mill's paradox is not a paradox at all; rather, it is another name for the Law of Demand.<ref>{{cite book\|last1=Somerset Chipman\|first1=John\|title=The Theory of International Trade, Volume 1\|url=https://books.google.com.ar/books?id=Sl1YcDJHYBMC&pg=PA16&lpg=PA16&dq=%22mill%27s+paradox%22+commerce&source=bl&ots=H-TIDXdhIA&sig=0cHiDiKN62XKep9QjW2SCkoBOnM&hl=en&sa=X&ved=0ahUKEwjesdbq1PbaAhVCDJAKHZ6-DIQQ6AEILzAB#v=onepage&q=%22mill's%20paradox%22%20commerce&f=false}}</ref>

	Argentine economist José Luis Espert uses Mill's paradox to explain why openness to free market among two countries, tend to favor the smallest country.<ref>{{cite book\|last1=Espert\|first1=José Luis\|title=La Argentina Devorada\|page=185}}</ref>		Argentine economist {{w\|José Luis Espert}} uses Mill's paradox to explain why openness to free market among two countries, tend to favor the smallest country.<ref>{{cite book\|last1=Espert\|first1=José Luis\|title=La Argentina Devorada\|page=185}}</ref>



	== References ==		== References ==

Sebastian at 18:05, 8 May 2018

2018-05-08T18:05:20Z

← Older revision		Revision as of 18:05, 8 May 2018
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	The term was coined by Edgeworth (1899).<ref>{{cite book\|last1=Maneschi\|first1=Andrea\|title=Comparative Advantage in International Trade: A Historical Perspective\|url=https://books.google.com.ar/books?id=Vu_igwzgYzoC&pg=PA118&lpg=PA118&dq=%22mill%27s+paradox%22&source=bl&ots=oXBMwrCV5U&sig=jPyT20YtNPNleqBwf-M6jwRMthc&hl=en&sa=X&ved=0ahUKEwjHw7-A2PbaAhVEhpAKHTYGAPkQ6AEINzAE#v=onepage&q=%22mill's%20paradox%22&f=false}}</ref> In {{w\|John Stuart Mill}}'s words, "The richest countries, ''caeteris paribus'', gain the least by a given amount of foreign commerce: since, having a greater demand for commodities generally, they are likely to have a greater demand for foreign commodities, and thus modify the terms of interchange to their own disadvantage".<ref>{{cite book\|last1=Dimand\|first1=Robert W.\|title=The Origins of International Economics: Classical theory of the gains from trade\|url=https://books.google.com.ar/books?id=NDPTeqMn9hwC&pg=PA489&lpg=PA489&dq=%22mill%27s+paradox%22&source=bl&ots=3k-gf0fJew&sig=V3QtQz2RQ_C9FATv6IdhBsnnTNM&hl=en&sa=X&ved=0ahUKEwjJkoPA1fbaAhWDEpAKHSvSArIQ6AEINDAD#v=onepage&q=%22mill's%20paradox%22&f=false}}</ref>		The term was coined by Edgeworth (1899).<ref>{{cite book\|last1=Maneschi\|first1=Andrea\|title=Comparative Advantage in International Trade: A Historical Perspective\|url=https://books.google.com.ar/books?id=Vu_igwzgYzoC&pg=PA118&lpg=PA118&dq=%22mill%27s+paradox%22&source=bl&ots=oXBMwrCV5U&sig=jPyT20YtNPNleqBwf-M6jwRMthc&hl=en&sa=X&ved=0ahUKEwjHw7-A2PbaAhVEhpAKHTYGAPkQ6AEINzAE#v=onepage&q=%22mill's%20paradox%22&f=false}}</ref> In {{w\|John Stuart Mill}}'s words, "The richest countries, ''caeteris paribus'', gain the least by a given amount of foreign commerce: since, having a greater demand for commodities generally, they are likely to have a greater demand for foreign commodities, and thus modify the terms of interchange to their own disadvantage".<ref>{{cite book\|last1=Dimand\|first1=Robert W.\|title=The Origins of International Economics: Classical theory of the gains from trade\|url=https://books.google.com.ar/books?id=NDPTeqMn9hwC&pg=PA489&lpg=PA489&dq=%22mill%27s+paradox%22&source=bl&ots=3k-gf0fJew&sig=V3QtQz2RQ_C9FATv6IdhBsnnTNM&hl=en&sa=X&ved=0ahUKEwjJkoPA1fbaAhWDEpAKHSvSArIQ6AEINDAD#v=onepage&q=%22mill's%20paradox%22&f=false}}</ref>

			John Somerset Chipman argues that the Mill's paradox is not a paradox at all; rather, it is another name for the Law of Demand.<ref>{{cite book\|last1=Somerset Chipman\|first1=John\|title=The Theory of International Trade, Volume 1\|url=https://books.google.com.ar/books?id=Sl1YcDJHYBMC&pg=PA16&lpg=PA16&dq=%22mill%27s+paradox%22+commerce&source=bl&ots=H-TIDXdhIA&sig=0cHiDiKN62XKep9QjW2SCkoBOnM&hl=en&sa=X&ved=0ahUKEwjesdbq1PbaAhVCDJAKHZ6-DIQQ6AEILzAB#v=onepage&q=%22mill's%20paradox%22%20commerce&f=false}}</ref>

	Argentine economist José Luis Espert uses Mill's paradox to explain why openness to free market among two countries, tend to favor the smallest country.<ref>{{cite book\|last1=Espert\|first1=José Luis\|title=La Argentina Devorada\|page=185}}</ref>		Argentine economist José Luis Espert uses Mill's paradox to explain why openness to free market among two countries, tend to favor the smallest country.<ref>{{cite book\|last1=Espert\|first1=José Luis\|title=La Argentina Devorada\|page=185}}</ref>

Sebastian at 18:00, 8 May 2018

2018-05-08T18:00:33Z

← Older revision		Revision as of 18:00, 8 May 2018
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	The term was coined by Edgeworth (1899).<ref>{{cite book\|last1=Maneschi\|first1=Andrea\|title=Comparative Advantage in International Trade: A Historical Perspective\|url=https://books.google.com.ar/books?id=Vu_igwzgYzoC&pg=PA118&lpg=PA118&dq=%22mill%27s+paradox%22&source=bl&ots=oXBMwrCV5U&sig=jPyT20YtNPNleqBwf-M6jwRMthc&hl=en&sa=X&ved=0ahUKEwjHw7-A2PbaAhVEhpAKHTYGAPkQ6AEINzAE#v=onepage&q=%22mill's%20paradox%22&f=false}}</ref> In Mill's words, "The richest countries, ''caeteris paribus'', gain the least by a given amount of foreign commerce: since, having a greater demand for commodities generally, they are likely to have a greater demand for foreign commodities, and thus modify the terms of interchange to their own disadvantage".<ref>{{cite book\|last1=Dimand\|first1=Robert W.\|title=The Origins of International Economics: Classical theory of the gains from trade\|url=https://books.google.com.ar/books?id=NDPTeqMn9hwC&pg=PA489&lpg=PA489&dq=%22mill%27s+paradox%22&source=bl&ots=3k-gf0fJew&sig=V3QtQz2RQ_C9FATv6IdhBsnnTNM&hl=en&sa=X&ved=0ahUKEwjJkoPA1fbaAhWDEpAKHSvSArIQ6AEINDAD#v=onepage&q=%22mill's%20paradox%22&f=false}}</ref>		The term was coined by Edgeworth (1899).<ref>{{cite book\|last1=Maneschi\|first1=Andrea\|title=Comparative Advantage in International Trade: A Historical Perspective\|url=https://books.google.com.ar/books?id=Vu_igwzgYzoC&pg=PA118&lpg=PA118&dq=%22mill%27s+paradox%22&source=bl&ots=oXBMwrCV5U&sig=jPyT20YtNPNleqBwf-M6jwRMthc&hl=en&sa=X&ved=0ahUKEwjHw7-A2PbaAhVEhpAKHTYGAPkQ6AEINzAE#v=onepage&q=%22mill's%20paradox%22&f=false}}</ref> In {{w\|John Stuart Mill}}'s words, "The richest countries, ''caeteris paribus'', gain the least by a given amount of foreign commerce: since, having a greater demand for commodities generally, they are likely to have a greater demand for foreign commodities, and thus modify the terms of interchange to their own disadvantage".<ref>{{cite book\|last1=Dimand\|first1=Robert W.\|title=The Origins of International Economics: Classical theory of the gains from trade\|url=https://books.google.com.ar/books?id=NDPTeqMn9hwC&pg=PA489&lpg=PA489&dq=%22mill%27s+paradox%22&source=bl&ots=3k-gf0fJew&sig=V3QtQz2RQ_C9FATv6IdhBsnnTNM&hl=en&sa=X&ved=0ahUKEwjJkoPA1fbaAhWDEpAKHSvSArIQ6AEINDAD#v=onepage&q=%22mill's%20paradox%22&f=false}}</ref>

	Argentine economist José Luis Espert uses Mill's paradox to explain why openness to free market among two countries, tend to favor the smallest country.<ref>{{cite book\|last1=Espert\|first1=José Luis\|title=La Argentina Devorada\|page=185}}</ref>		Argentine economist José Luis Espert uses Mill's paradox to explain why openness to free market among two countries, tend to favor the smallest country.<ref>{{cite book\|last1=Espert\|first1=José Luis\|title=La Argentina Devorada\|page=185}}</ref>

Sebastian at 17:59, 8 May 2018

2018-05-08T17:59:24Z

← Older revision		Revision as of 17:59, 8 May 2018
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	"The richest countries, caeteris paribus, gain the least by a given amount of foreign commerce: since, having a greater demand for commodities generally, they are likely to have a greater demand for foreign commodities, and thus modify the terms of interchange to their own disadvantage".<ref>{{cite book\|last1=Dimand\|first1=Robert W.\|title=The Origins of International Economics: Classical theory of the gains from trade\|url=https://books.google.com.ar/books?id=NDPTeqMn9hwC&pg=PA489&lpg=PA489&dq=%22mill%27s+paradox%22&source=bl&ots=3k-gf0fJew&sig=V3QtQz2RQ_C9FATv6IdhBsnnTNM&hl=en&sa=X&ved=0ahUKEwjJkoPA1fbaAhWDEpAKHSvSArIQ6AEINDAD#v=onepage&q=%22mill's%20paradox%22&f=false}}</ref>		The term was coined by Edgeworth (1899).<ref>{{cite book\|last1=Maneschi\|first1=Andrea\|title=Comparative Advantage in International Trade: A Historical Perspective\|url=https://books.google.com.ar/books?id=Vu_igwzgYzoC&pg=PA118&lpg=PA118&dq=%22mill%27s+paradox%22&source=bl&ots=oXBMwrCV5U&sig=jPyT20YtNPNleqBwf-M6jwRMthc&hl=en&sa=X&ved=0ahUKEwjHw7-A2PbaAhVEhpAKHTYGAPkQ6AEINzAE#v=onepage&q=%22mill's%20paradox%22&f=false}}</ref> In Mill's words, "The richest countries, ''caeteris paribus'', gain the least by a given amount of foreign commerce: since, having a greater demand for commodities generally, they are likely to have a greater demand for foreign commodities, and thus modify the terms of interchange to their own disadvantage".<ref>{{cite book\|last1=Dimand\|first1=Robert W.\|title=The Origins of International Economics: Classical theory of the gains from trade\|url=https://books.google.com.ar/books?id=NDPTeqMn9hwC&pg=PA489&lpg=PA489&dq=%22mill%27s+paradox%22&source=bl&ots=3k-gf0fJew&sig=V3QtQz2RQ_C9FATv6IdhBsnnTNM&hl=en&sa=X&ved=0ahUKEwjJkoPA1fbaAhWDEpAKHSvSArIQ6AEINDAD#v=onepage&q=%22mill's%20paradox%22&f=false}}</ref>

	Argentine economist José Luis Espert uses Mill's paradox to explain why openness to free market among two countries, tend to favor the smallest country.<ref>{{cite book\|last1=Espert\|first1=José Luis\|title=La Argentina Devorada\|page=185}}</ref>		Argentine economist José Luis Espert uses Mill's paradox to explain why openness to free market among two countries, tend to favor the smallest country.<ref>{{cite book\|last1=Espert\|first1=José Luis\|title=La Argentina Devorada\|page=185}}</ref>

Sebastian at 17:55, 8 May 2018

2018-05-08T17:55:37Z

← Older revision		Revision as of 17:55, 8 May 2018
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	"The richest countries, caeteris paribus, gain the least by a given amount of foreign commerce: since, having a greater demand for commodities generally, they are likely to have a greater demand for foreign commodities, and thus modify the terms of interchange to their own disadvantage".<ref>{{cite book\|last1=Dimand\|first1=Robert W.\|title=The Origins of International Economics: Classical theory of the gains from trade\|url=https://books.google.com.ar/books?id=NDPTeqMn9hwC&pg=PA489&lpg=PA489&dq=%22mill%27s+paradox%22&source=bl&ots=3k-gf0fJew&sig=V3QtQz2RQ_C9FATv6IdhBsnnTNM&hl=en&sa=X&ved=0ahUKEwjJkoPA1fbaAhWDEpAKHSvSArIQ6AEINDAD#v=onepage&q=%22mill's%20paradox%22&f=false}}</ref>		"The richest countries, caeteris paribus, gain the least by a given amount of foreign commerce: since, having a greater demand for commodities generally, they are likely to have a greater demand for foreign commodities, and thus modify the terms of interchange to their own disadvantage".<ref>{{cite book\|last1=Dimand\|first1=Robert W.\|title=The Origins of International Economics: Classical theory of the gains from trade\|url=https://books.google.com.ar/books?id=NDPTeqMn9hwC&pg=PA489&lpg=PA489&dq=%22mill%27s+paradox%22&source=bl&ots=3k-gf0fJew&sig=V3QtQz2RQ_C9FATv6IdhBsnnTNM&hl=en&sa=X&ved=0ahUKEwjJkoPA1fbaAhWDEpAKHSvSArIQ6AEINDAD#v=onepage&q=%22mill's%20paradox%22&f=false}}</ref>

	Argentine economist ~~[[w:~~José Luis Espert~~\|José Luis Espert]]~~ uses Mill's paradox to explain why openness to free market among two countries, tend to favor the smallest country.<ref>{{cite book\|last1=Espert\|first1=José Luis\|title=La Argentina Devorada\|page=185}}</ref>		Argentine economist José Luis Espert uses Mill's paradox to explain why openness to free market among two countries, tend to favor the smallest country.<ref>{{cite book\|last1=Espert\|first1=José Luis\|title=La Argentina Devorada\|page=185}}</ref>



	== References ==		== References ==

Sebastian at 17:54, 8 May 2018

2018-05-08T17:54:56Z

← Older revision		Revision as of 17:54, 8 May 2018
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	"The richest countries, caeteris paribus, gain the least by a given amount of foreign commerce: since, having a greater demand for commodities generally, they are likely to have a greater demand for foreign commodities, and thus modify the terms of interchange to their own disadvantage".<ref>{{cite book\|last1=Dimand\|first1=Robert W.\|title=The Origins of International Economics: Classical theory of the gains from trade\|url=https://books.google.com.ar/books?id=NDPTeqMn9hwC&pg=PA489&lpg=PA489&dq=%22mill%27s+paradox%22&source=bl&ots=3k-gf0fJew&sig=V3QtQz2RQ_C9FATv6IdhBsnnTNM&hl=en&sa=X&ved=0ahUKEwjJkoPA1fbaAhWDEpAKHSvSArIQ6AEINDAD#v=onepage&q=%22mill's%20paradox%22&f=false}}</ref>		"The richest countries, caeteris paribus, gain the least by a given amount of foreign commerce: since, having a greater demand for commodities generally, they are likely to have a greater demand for foreign commodities, and thus modify the terms of interchange to their own disadvantage".<ref>{{cite book\|last1=Dimand\|first1=Robert W.\|title=The Origins of International Economics: Classical theory of the gains from trade\|url=https://books.google.com.ar/books?id=NDPTeqMn9hwC&pg=PA489&lpg=PA489&dq=%22mill%27s+paradox%22&source=bl&ots=3k-gf0fJew&sig=V3QtQz2RQ_C9FATv6IdhBsnnTNM&hl=en&sa=X&ved=0ahUKEwjJkoPA1fbaAhWDEpAKHSvSArIQ6AEINDAD#v=onepage&q=%22mill's%20paradox%22&f=false}}</ref>

	Argentine economist [[w:José Luis Espert]] uses Mill's paradox to explain why openness to free market among two countries, tend to favor the smallest country.<ref>{{cite book\|last1=Espert\|first1=José Luis\|title=La Argentina Devorada\|page=185}}</ref>		Argentine economist [[w:José Luis Espert\|José Luis Espert]] uses Mill's paradox to explain why openness to free market among two countries, tend to favor the smallest country.<ref>{{cite book\|last1=Espert\|first1=José Luis\|title=La Argentina Devorada\|page=185}}</ref>



	== References ==		== References ==

Sebastian at 17:54, 8 May 2018

2018-05-08T17:54:18Z

← Older revision		Revision as of 17:54, 8 May 2018
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	"The richest countries, caeteris paribus, gain the least by a given amount of foreign commerce: since, having a greater demand for commodities generally, they are likely to have a greater demand for foreign commodities, and thus modify the terms of interchange to their own disadvantage".<ref>{{cite book\|last1=Dimand\|first1=Robert W.\|title=The Origins of International Economics: Classical theory of the gains from trade\|url=https://books.google.com.ar/books?id=NDPTeqMn9hwC&pg=PA489&lpg=PA489&dq=%22mill%27s+paradox%22&source=bl&ots=3k-gf0fJew&sig=V3QtQz2RQ_C9FATv6IdhBsnnTNM&hl=en&sa=X&ved=0ahUKEwjJkoPA1fbaAhWDEpAKHSvSArIQ6AEINDAD#v=onepage&q=%22mill's%20paradox%22&f=false}}</ref>		"The richest countries, caeteris paribus, gain the least by a given amount of foreign commerce: since, having a greater demand for commodities generally, they are likely to have a greater demand for foreign commodities, and thus modify the terms of interchange to their own disadvantage".<ref>{{cite book\|last1=Dimand\|first1=Robert W.\|title=The Origins of International Economics: Classical theory of the gains from trade\|url=https://books.google.com.ar/books?id=NDPTeqMn9hwC&pg=PA489&lpg=PA489&dq=%22mill%27s+paradox%22&source=bl&ots=3k-gf0fJew&sig=V3QtQz2RQ_C9FATv6IdhBsnnTNM&hl=en&sa=X&ved=0ahUKEwjJkoPA1fbaAhWDEpAKHSvSArIQ6AEINDAD#v=onepage&q=%22mill's%20paradox%22&f=false}}</ref>

			Argentine economist [[w:José Luis Espert]] uses Mill's paradox to explain why openness to free market among two countries, tend to favor the smallest country.<ref>{{cite book\|last1=Espert\|first1=José Luis\|title=La Argentina Devorada\|page=185}}</ref>



	== References ==		== References ==

Sebastian: Created page with ""The richest countries, caeteris paribus, gain the least by a given amount of foreign commerce: since, having a greater demand for commodities generally, they are likely to ha..."

2018-05-08T17:49:01Z

Created page with ""The richest countries, caeteris paribus, gain the least by a given amount of foreign commerce: since, having a greater demand for commodities generally, they are likely to ha..."

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"The richest countries, caeteris paribus, gain the least by a given amount of foreign commerce: since, having a greater demand for commodities generally, they are likely to have a greater demand for foreign commodities, and thus modify the terms of interchange to their own disadvantage".<ref>{{cite book|last1=Dimand|first1=Robert W.|title=The Origins of International Economics: Classical theory of the gains from trade|url=https://books.google.com.ar/books?id=NDPTeqMn9hwC&pg=PA489&lpg=PA489&dq=%22mill%27s+paradox%22&source=bl&ots=3k-gf0fJew&sig=V3QtQz2RQ_C9FATv6IdhBsnnTNM&hl=en&sa=X&ved=0ahUKEwjJkoPA1fbaAhWDEpAKHSvSArIQ6AEINDAD#v=onepage&q=%22mill's%20paradox%22&f=false}}</ref>

== References ==

← Older revision		Revision as of 18:05, 8 May 2018
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	The term was coined by Edgeworth (1899).<ref>{{cite book\|last1=Maneschi\|first1=Andrea\|title=Comparative Advantage in International Trade: A Historical Perspective\|url=https://books.google.com.ar/books?id=Vu_igwzgYzoC&pg=PA118&lpg=PA118&dq=%22mill%27s+paradox%22&source=bl&ots=oXBMwrCV5U&sig=jPyT20YtNPNleqBwf-M6jwRMthc&hl=en&sa=X&ved=0ahUKEwjHw7-A2PbaAhVEhpAKHTYGAPkQ6AEINzAE#v=onepage&q=%22mill's%20paradox%22&f=false}}</ref> In {{w\|John Stuart Mill}}'s words, "The richest countries, ''caeteris paribus'', gain the least by a given amount of foreign commerce: since, having a greater demand for commodities generally, they are likely to have a greater demand for foreign commodities, and thus modify the terms of interchange to their own disadvantage".<ref>{{cite book\|last1=Dimand\|first1=Robert W.\|title=The Origins of International Economics: Classical theory of the gains from trade\|url=https://books.google.com.ar/books?id=NDPTeqMn9hwC&pg=PA489&lpg=PA489&dq=%22mill%27s+paradox%22&source=bl&ots=3k-gf0fJew&sig=V3QtQz2RQ_C9FATv6IdhBsnnTNM&hl=en&sa=X&ved=0ahUKEwjJkoPA1fbaAhWDEpAKHSvSArIQ6AEINDAD#v=onepage&q=%22mill's%20paradox%22&f=false}}</ref>		The term was coined by Edgeworth (1899).<ref>{{cite book\|last1=Maneschi\|first1=Andrea\|title=Comparative Advantage in International Trade: A Historical Perspective\|url=https://books.google.com.ar/books?id=Vu_igwzgYzoC&pg=PA118&lpg=PA118&dq=%22mill%27s+paradox%22&source=bl&ots=oXBMwrCV5U&sig=jPyT20YtNPNleqBwf-M6jwRMthc&hl=en&sa=X&ved=0ahUKEwjHw7-A2PbaAhVEhpAKHTYGAPkQ6AEINzAE#v=onepage&q=%22mill's%20paradox%22&f=false}}</ref> In {{w\|John Stuart Mill}}'s words, "The richest countries, ''caeteris paribus'', gain the least by a given amount of foreign commerce: since, having a greater demand for commodities generally, they are likely to have a greater demand for foreign commodities, and thus modify the terms of interchange to their own disadvantage".<ref>{{cite book\|last1=Dimand\|first1=Robert W.\|title=The Origins of International Economics: Classical theory of the gains from trade\|url=https://books.google.com.ar/books?id=NDPTeqMn9hwC&pg=PA489&lpg=PA489&dq=%22mill%27s+paradox%22&source=bl&ots=3k-gf0fJew&sig=V3QtQz2RQ_C9FATv6IdhBsnnTNM&hl=en&sa=X&ved=0ahUKEwjJkoPA1fbaAhWDEpAKHSvSArIQ6AEINDAD#v=onepage&q=%22mill's%20paradox%22&f=false}}</ref>

			John Somerset Chipman argues that the Mill's paradox is not a paradox at all; rather, it is another name for the Law of Demand.<ref>{{cite book\|last1=Somerset Chipman\|first1=John\|title=The Theory of International Trade, Volume 1\|url=https://books.google.com.ar/books?id=Sl1YcDJHYBMC&pg=PA16&lpg=PA16&dq=%22mill%27s+paradox%22+commerce&source=bl&ots=H-TIDXdhIA&sig=0cHiDiKN62XKep9QjW2SCkoBOnM&hl=en&sa=X&ved=0ahUKEwjesdbq1PbaAhVCDJAKHZ6-DIQQ6AEILzAB#v=onepage&q=%22mill's%20paradox%22%20commerce&f=false}}</ref>

	Argentine economist José Luis Espert uses Mill's paradox to explain why openness to free market among two countries, tend to favor the smallest country.<ref>{{cite book\|last1=Espert\|first1=José Luis\|title=La Argentina Devorada\|page=185}}</ref>		Argentine economist José Luis Espert uses Mill's paradox to explain why openness to free market among two countries, tend to favor the smallest country.<ref>{{cite book\|last1=Espert\|first1=José Luis\|title=La Argentina Devorada\|page=185}}</ref>