Bernard C. Beaudreau

Rehabilitating Heckscher-Ohlin

A Trade in Value Added (TiVA) Approach

By: Bernard C. Beaudreau

£62.99

Comparative advantage, the cornerstone of international trade, lacks a theory consistent with the data. This book rehabilitates the popular but rejected Heckscher-Ohlin model by endogenizing technology and focusing on natural resources within a framework of vertical trade.

Science and the Wealth of Nations

The Physics of Economic Growth

By: Bernard C. Beaudreau

From £30.99

Idea-based growth theory has been a bust. This volume presents an alternative approach, drawing from classical mechanics and thermodynamics. Consistent with the historical record and data, it explains the 1970s productivity slowdown, the Solow paradox, and policy failures.

Science Matters, but Does it in Economics?

By: Bernard C. Beaudreau

From £29.99

Does science matter in economics? This volume answers in the negative. It is argued that science simply doesn’t matter in economics, has never mattered and will probably never matter. Instead, the field has redefined the laws of physics and psychology to carve out its own set.

The Smoot-Hawley Tariff Act Revisited

By: Bernard C. Beaudreau

From £29.99

The Smoot-Hawley Tariff Act is often blamed for worsening the Great Depression. This book presents an alternative view, arguing the Act was the Republican Party’s attempt to close an output gap caused by a new power technology: electric unit drive (EUD).

Why the New Deal Failed

By: Bernard C. Beaudreau

£70.99

While favorable to the New Deal’s motives, this book is critical of its implementation. It argues the Great Depression was caused by a technological shock that gapped productivity and income. The New Deal sought to close this gap, but its policies were doomed from the start.

Author

Author's books