Welcome to Bookmarker!

This is a personal project by @dellsystem. I built this to help me retain information from the books I'm reading.

Source code on GitHub (MIT license).

Showing results by Karl Marx only

190

We are told that free trade would create an international division of labour, and thereby give to each country the production which is in harmony with its natural advantage. You believe, perhaps, gentlemen, that the production of coffee and sugar is the natural destiny of the West Indies. Two centuries ago, nature, which does not trouble herself about commerce, had planted neither sugar-cane nor coffee trees there.

predates the Heckscher–Ohlin model (which asserts that inequalities in wealth emerge from inequalities in factors of production, and thus implies that they are "natural") but offers a nice criticism of it anyway

Hickel goes on to say that the capital/labour inequalities between North and South are due to political reasons (differences in labour laws, unequal trade, colonialism, structural adjustment)

—p.190 Six (184) by Karl Marx 6 years, 5 months ago

We are told that free trade would create an international division of labour, and thereby give to each country the production which is in harmony with its natural advantage. You believe, perhaps, gentlemen, that the production of coffee and sugar is the natural destiny of the West Indies. Two centuries ago, nature, which does not trouble herself about commerce, had planted neither sugar-cane nor coffee trees there.

predates the Heckscher–Ohlin model (which asserts that inequalities in wealth emerge from inequalities in factors of production, and thus implies that they are "natural") but offers a nice criticism of it anyway

Hickel goes on to say that the capital/labour inequalities between North and South are due to political reasons (differences in labour laws, unequal trade, colonialism, structural adjustment)

—p.190 Six (184) by Karl Marx 6 years, 5 months ago

Showing results by Karl Marx only