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  • Heckscher (1879 - 1952)

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    Eli Heckscher was a Swedish economist born in Stockholm who received his PhD from Uppsala University in 1907. He was a professor of political economy and statistics and founded the Institute for Economic History Research. Throughout his career, Heckscher struggled to integrate economic theory with economic history without fully merging the two fields. He is known for developing the Heckscher-Ohlin theory of international trade, which assumes two countries that differ in their relative abundance of capital and labor and that trade will result in each country exporting the commodity that uses its relatively abundant factor intensively.

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    Hecksher ohlin theory

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    Heckscher (1879 – 1952)

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    Eli Heckscher was a Swedish economist born in Stockholm who received his PhD from Uppsala University in 1907. He was a professor of political economy and statistics and founded the Institute for Economic History Research. Throughout his career, Heckscher struggled to integrate economic theory with economic history without fully merging the two fields. He is known for developing the Heckscher-Ohlin theory of international trade, which assumes two countries that differ in their relative abundance of capital and labor and that trade will result in each country exporting the commodity that uses its relatively abundant factor intensively.

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    33 views7 pages

    Heckscher (1879 - 1952)

    Uploaded by

    Movil Mathias
    Eli Heckscher was a Swedish economist born in Stockholm who received his PhD from Uppsala University in 1907. He was a professor of political economy and statistics and founded the Institute for Economic History Research. Throughout his career, Heckscher struggled to integrate economic theory with economic history without fully merging the two fields. He is known for developing the Heckscher-Ohlin theory of international trade, which assumes two countries that differ in their relative abundance of capital and labor and that trade will result in each country exporting the commodity that uses its relatively abundant factor intensively.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    of 7

    Heckscher (1879 – 1952)

    Movil Mathias (64)


    Shubam Padroo (98)
    Viraj Shah(118)
    BACKGROUND

    Birth Place Stockholm

    Education PhD in Uppsala in 1907

    Professor of Political economy


    Career
    and Statistics

    Institute for Economic History


    Founder of
    Research
    STRUGGLE

    • Throughout all his life as a scientist Eli Heckscher struggled with the
    problem of how to bring economic theory and economic history together
    in such a fashion that the one could profit by making use of the other, but
    without merging the two.
    Heckscher–Ohlin theory
    ASSUMPTION

    • There are two countries involved.


    • Each country has two factors (labour and capital).
    • Each country produces two commodities or goods (labour intensive and capital
    intensive).
    • There is perfect competition in both commodity and factor markets.
    • Factors are freely mobile within a country but immobile between countries.
    • Two countries differ in factor supply.
    • Each commodity differs in factor intensity.
    Theory
    ASEAN (in 1992)

    Traded

    Singapore Malaysia

    capital abundant
    labor abundant
    country
    THANK YOU

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