Search results for: DIMINISHING RETURNS

• Free trade with the former COMECON Countries as Unequal Exchange

  Publication

  • M. Kuc-Czarnecka
  • M. Olczyk
  • A. Saltelli,
  • E. S. Reinert

  - Year 2023

  Two authors of this chapter were born to the East of what was once The Iron Curtain and two to the West. From both angles, the two systems – capitalism and communism – seemed to be as contrary to each other as possible. Few people are aware that in terms of industrial and trade policy, both classical capitalism and communism had a common root in the theories of German economist Friedrich List (1789-1846) (List, 1841). In fact,...

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