Talk:Heckscher-Ohlin model
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Wow! Good work everyone. I started this article a few months ago with just a few lines. Suddenly it has turned into an enormous, well-developed article. I guess that it is true, creating a stub CAN be helpful. . . Dvsuk17 20:24, 22 Jun 2005 (UTC)
"a macroeconomic model" reads the first line. Isn't this also a microeconomic model? In fact, I've only studied this model in microeconomic trade classes. -josh
- well, you have two countries trading... that's already a country level, what can be more macro than that? however it uses tools from microeconomics to reach the the general equilibrium... i wouldn't mind to change it to "a model" instead of "a macroeconomic model" --PBS27 19:15, 28 October 2005 (UTC)
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- It is a micro model. Macro models include dynamics, even if they're focused on the equilibrium properties of a system. The H-O model is a single period model and so it isn't a macro model. Gray 02:55, 11 January 2006 (UTC)
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- No it is a macro model. The IS/LM model is also static at least in its most basic form yet it is clearly a macro model. Micro deals with agent behaviour whereas macro deals with aggregated behaviour. And a macro model can easily be static although most models in use in modern macro are indeed dynamic (and often recursive). So I am sorry but you aren't right about the model being a micro model. But of course it is based on micro economic analysis. Anything else would be silly wouldn't you agree? ;) MartinDK 17:48, 3 September 2006 (UTC)
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The term "autarky" is used a little carelessly in this article. Prices in a closed economy are generally different than prices in an open economy, even if there's no trade going on in the open economy. The closed economies aren't trading because they can't; they would immediately trade if they could. The open economies aren't trading because they don't want to at the current prices. Gray 03:17, 11 January 2006 (UTC)
This article repeats a common mistake. The HOS model does not apply when the two factors are labor and "capital". It applies when the two factors are, say, labor and land. One of the economists to read here is Ian Steedman. He has an article on this theme, for example, in the New Palgrave.
[edit] IB3
the first title uses the word IB3 without explanation or a link to an explanation... my suggestion: change the title or explain it :-) -Michaël 15:59, 22 May 2006 (UTC)
- The term is completely irrelevant. It should be removed as it does not add anything to the article. MartinDK 13:12, 9 August 2006 (UTC)
