Heckscher-ohlin theory

Bertil ohlin
Heckscher pronunciation
Eli Filip Heckscher (November 24, 1879 - December 23, 1952) was a Swedish political economist and economic historian.

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Eli Filip Heckscher (November 24, 1879 - December 23, 1952) was a Swedish political economist and economic historian. He wrote a classic book on mercantilism, as well as several contributions to economic theory. In a famous article of 1919, he argued for free trade, putting forward the hypothesis that the comparative trading advantage of different countries is due to differences in productive factors. This idea was expanded upon by his pupil, economist Bertil Ohlin, and is now known as the Heckscher–Ohlin theory.

Heckscher's work and political outlook, although considered leftist by many, was in fact based on the conviction that an economic system based on individual property rights and competition would foster the greatest growth. The Heckscher-Ohlin theory indicates that in international trade countries naturally act to maximize their resources, as do individuals, assuming that the actions of exchanging goods and services occur smoothly. Through such harmonious give and take actions, Heckscher envisioned sustained economic growth and consequently prosperity develops fo

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Eli Heckscher, International Trade, and Economic History

Leading international economists assess Eli Heckscher's contributions to economics and economic history, especially his efforts to bridge the gap between the two.

Eli Heckscher (1879-1952) is celebrated for his contributions to international trade theory, particularly the factor proportions theory of comparative advantage in international trade known as the Heckscher-Ohlin theory. His work in both economic theory and economic history is notable for combining theoretical insights with a profound knowledge of economic history and the history of economic thought. In this volume, leading international economists assess the importance of Heckscher's work and its relevance to the contemporary practice of economic history.

The contributors first discuss Heckscher's efforts to forge the discipline of economic history by combining both the historian's careful evaluation of sources and the economist's rigorous models. The Heckscher-Ohlin theory of factor proportions is described and tested empirically. Contributors then apply the

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Eli Heckscher

Swedish political economist and economic historian (1879–1952)

Eli Filip Heckscher (24 November 1879 – 23 December 1952) was a Swedish political economist and economic historian who was a professor at the Stockholm School of Economics.

He is known for the Heckscher–Ohlin theorem, an influential model of international trade that predicts that capital-abundant countries export capital-intensive goods, while labor-abundant countries export the labor-intensive goods.^[1]

Biography

Heckscher was born in Stockholm, son of the Jewish Danish-born businessman Isidor Heckscher and his spouse Rosa Meyer, and completed his secondary education there in 1896. He conducted higher studies at Uppsala University (from 1897) and Gothenburg University College^[2] (in 1898), completing his PhD in Uppsala in 1907. He was professor of Political economy and Statistics at the Stockholm School of Economics from 1909 until 1919, when he exchanged that chair for a research professorship in economic history, finally retiring as emeritus professor in 1945. In 1