Bertil ohlin biography examples
Bertil Ohlin (born April 23, , Klippan, Sweden—died August 3, , Vålädalen) was a Swedish economist and political leader who is known as the founder..
Swedish economist Bertil Ohlin received the Nobel Prize in 1977, along with James Meade, for his “pathbreaking contribution to the theory of international trade and international capital movements.” Ohlin’s prize was based on his book Interregional and International Trade, published in 1933.
I was born into an upper-middle class family in a village in the South of Sweden in April, It was a large family with seven children, a large house.
With a 1919 article by his former teacher Eli Heckscher as his starting point, Ohlin showed that both interregional and international trade occur because goods can move more easily than the labor, capital, and land that produce them.
Therefore, a country with a relatively abundant factor of production should export goods that intensively use that abundant factor, and should import those that intensively use the factor that is relatively scarce. Much later, economists showed that this would be true only for a world with just two goods.
(See wassily leontief.)