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It seems beyond doubt that the tariff policy pursued during the last half century has not raised the standard of living of the labouring classes. It is doubtful if agricultural duties increase the relative scarcity of manual labour compared with other factors, and they certainly raise the cost of living for the working classes. It is, however, true that manufacturing duties tend to depress the rent of farm land... It is on the whole not at all unlikely that the sum total of rent is reduced in countries with high manufacturing duties... In most countries, however, the sum of rents is small compared with the sum of wages to manual workers. Even a substantial reduction of the former brings only a slight increase in the latter.
Bertil Ohlin
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The productive factors enter into the production of different commodities in very different proportions.
Bertil Ohlin
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To me it is a riddle that Knut Wicksell, who for most of his life was a fanatical representative of extreme opinions in the social debate, could present a completely different personality in the scholarly context. During the period when I knew him he was the diffident seeker after scientific truth.
Bertil Ohlin
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International trade theory has, in my opinion, given far too much attention to the effects of certain variations, for example, in duties, on the national incomes, and too little to the effects on individual incomes. In many cases, changes in the sums count for very little, while changes in the individual incomes are distinctly relevant.
Bertil Ohlin
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Curiously enough, John Stuart Mill, although he must have been familiar with Longfield's writings, seems never to have touched upon this line of reasoning.
Bertil Ohlin
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I started [in 1921] to write on the foundations of an approach to international trade theory that was to some extent new and for which I received the inspiration during a stroll on [the popular promenade] Unter den Linden in Berlin in 1920.
Bertil Ohlin
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The economic history of the last half century offers two cases of serious international depressions in countries with an essential orientation towards a market economy: In the first half of the 1930ies and in the middle of the 1970ies. With some simplification one can say that in the former case recovery started after a few years without the aid of much conscious expansionist policy.
Bertil Ohlin
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Nutrition seems to mock the achievements of economic development,
Bertil Ohlin
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No authors propounded the ideas of economic liberalism in Sweden during the 1920s as vigorously as did Cassel and Heckscher, and in addition they certainly helped in no mean degree to give actual policy a liberal stamp during that decade.
Bertil Ohlin
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Nobody ever did anything very foolish except from some strong principle.
William Lamb, 2nd Viscount Melbourne
Bertil Ohlin
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Born:
April 23, 1899
Died:
August 3, 1979
(aged 80)
Bio:
Bertil Gotthard Ohlin was a Swedish economist and politician. He was a professor of economics at the Stockholm School of Economics from 1929 to 1965.
Bertil Ohlin on Wikipedia
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