A critical appraisal of comparative advantage theory under free market crony capitalism
This paper investigates comparative advantage theory and principle which is suggested that price of factors and commodities determined by the supply and the demand forces in free market conditions, the market forces automatically allocate resources efficiently that have the property that someone can...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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Business Perspectives
2015
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| Subjects: | |
| Online Access: | https://repo.uum.edu.my/id/eprint/19784/1/IMFI%2012%203%202015%2093%2098.pdf |
| _version_ | 1825804251388968960 |
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| author | Prabhakar, Akhilesh Chandra Zainal Abidin, Irwan Shah Saha, Asish |
| author_facet | Prabhakar, Akhilesh Chandra Zainal Abidin, Irwan Shah Saha, Asish |
| author_sort | Prabhakar, Akhilesh Chandra |
| collection | UUM |
| description | This paper investigates comparative advantage theory and principle which is suggested that price of factors and commodities determined by the supply and the demand forces in free market conditions, the market forces automatically allocate resources efficiently that have the property that someone can be made better off without someone being made worse off, it means equally redistributed incomes.The paper identifies the root causes of the problems of inequality among people and between nations, and find the problem of worldwide inequality is the final outcome/product of free market and crony capitalism. The study explores theoretically, conceptually, and empirically through surveying literatures both primary and secondary sources.Finally, various policies and recommendations are highlighted. |
| first_indexed | 2024-07-04T06:11:25Z |
| format | Article |
| id | uum-19784 |
| institution | Universiti Utara Malaysia |
| language | English |
| last_indexed | 2024-07-04T06:11:25Z |
| publishDate | 2015 |
| publisher | Business Perspectives |
| record_format | eprints |
| spelling | uum-197842016-11-17T01:48:18Z https://repo.uum.edu.my/id/eprint/19784/ A critical appraisal of comparative advantage theory under free market crony capitalism Prabhakar, Akhilesh Chandra Zainal Abidin, Irwan Shah Saha, Asish HG Finance This paper investigates comparative advantage theory and principle which is suggested that price of factors and commodities determined by the supply and the demand forces in free market conditions, the market forces automatically allocate resources efficiently that have the property that someone can be made better off without someone being made worse off, it means equally redistributed incomes.The paper identifies the root causes of the problems of inequality among people and between nations, and find the problem of worldwide inequality is the final outcome/product of free market and crony capitalism. The study explores theoretically, conceptually, and empirically through surveying literatures both primary and secondary sources.Finally, various policies and recommendations are highlighted. Business Perspectives 2015 Article PeerReviewed application/pdf en https://repo.uum.edu.my/id/eprint/19784/1/IMFI%2012%203%202015%2093%2098.pdf Prabhakar, Akhilesh Chandra and Zainal Abidin, Irwan Shah and Saha, Asish (2015) A critical appraisal of comparative advantage theory under free market crony capitalism. Investment Management and Financial Innovations, 12 (3). pp. 93-98. ISSN 1810-4967 http://businessperspectives.org/component/option,com_journals/task,journal/id,4/Itemid,74/ |
| spellingShingle | HG Finance Prabhakar, Akhilesh Chandra Zainal Abidin, Irwan Shah Saha, Asish A critical appraisal of comparative advantage theory under free market crony capitalism |
| title | A critical appraisal of comparative advantage theory under free market crony capitalism |
| title_full | A critical appraisal of comparative advantage theory under free market crony capitalism |
| title_fullStr | A critical appraisal of comparative advantage theory under free market crony capitalism |
| title_full_unstemmed | A critical appraisal of comparative advantage theory under free market crony capitalism |
| title_short | A critical appraisal of comparative advantage theory under free market crony capitalism |
| title_sort | critical appraisal of comparative advantage theory under free market crony capitalism |
| topic | HG Finance |
| url | https://repo.uum.edu.my/id/eprint/19784/1/IMFI%2012%203%202015%2093%2098.pdf |
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