Mihail Manoilescu's International Trade Theories in Retrospect: How and When Emerging Economies Must Be Protected?

ICER Working Paper Series 09/2013

19 Pages Posted: 22 Oct 2013

See all articles by Nikolay Nenovsky

Nikolay Nenovsky

Bulgarian National Bank

Dominique Torre

Université Côte d'Azur, GREDEG, CNRS

Date Written: October 21, 2013

Abstract

Mihail Manoilescu was one of the main intellectual personalities of the interwar period in Romania. He was known as a politician and a central banker, but also as an economist. From the very beginning of his theoretical and practical career, or at least from the late 1920s till the end of his life, Manoilescu’s ideas and theories were marked by a clear continuity and consistency based on the theory of protectionism. His defence of protectionism is generally presented as clumsy and founded on incorrect method. This paper contributes to a testament of Manoilescu’s conclusions, the validity of which we test in two different paradigms. Section 2 presents the theory of protectionism formulated by the author. Section 3 tries to interpret Manoilescu’s views in modern terms. It presents arguments assimilating his analysis to some post-Marxist presentations of the after-war period. It also develops a Ricardian model proving that Manoilescu’s intuitions can be verified in a Ricardian context. The last section concludes.

Keywords: Mihail Manoilescu, theory of protectionism, gains from trade

JEL Classification: B22, B26, E42

Suggested Citation

Nenovsky, Nikolay and Torre, Dominique, Mihail Manoilescu's International Trade Theories in Retrospect: How and When Emerging Economies Must Be Protected? (October 21, 2013). ICER Working Paper Series 09/2013, Available at SSRN: https://ssrn.com/abstract=2343029 or http://dx.doi.org/10.2139/ssrn.2343029

Nikolay Nenovsky (Contact Author)

Bulgarian National Bank ( email )

str "St. Sofia" 5
Sofia, 1040
Bulgaria
+ 359 2 9145 1239 (Phone)
+ 359 2 980 24 25 (Fax)

Dominique Torre

Université Côte d'Azur, GREDEG, CNRS ( email )

250, rue Albert Einstein
Valbonne, 06560
France

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
112
Abstract Views
783
rank
309,082
PlumX Metrics