Robert Torrens’ model of trade and growth:genesis and implications for the discovery of comparative advantage
Résumé
TRACT
This paper analyzes the evolution of Torrens’ trade theory from
1808 to 1826. Firstly, it shows that Torrens’ reflections on trade
evolved considerably by comparing The Economists Refuted and
the Essay on the Production of Wealth. Secondly, it offers an
explanation of how and why this evolution took place by scruti-
nising the different editions of the Essay on the External Corn
Trade. Thirdly, Torrens’ model of trade and growth is presented.
Finally, by identifying the assumptions underlying the model, it is
argued that, in the early 1820s, Torrens still adheres to the abso-
lute advantage theor
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