西方经济学Chap002.pptVIP

2-* Early Trade Theories: Mercantilism and the Transition to the Classical World of David Ricardo Copyright ? 2010 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin Chapter 2 Learning Objectives Describe Mercantilist concepts and policies. Examine Hume’s price-specie flow mechanism and its challenge to Mercantilist thought. Discuss Smith’s ideas of wealth and absolute advantage as foundations of international trade. Introduction The Oracle in the 21st Century Diligence and intelligence are strategies for improving one’s lot in life. Do what you do best. Trade for the re