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Bertil Gotthard Ohlin

Bertil Gotthard Ohlin was a Swedish economist and politician.

Education

  • In 1930 Ohlin succeeded Eli Heckscher , his teacher, as a Professor of Economics , at the Stockholm School of Economics.

Career

  • In 1929 he debated with John Maynard Keynes , contradicting the latter's view on the Consequences of the Heavy War reparations Payments Imposed on Germany. (Keynes predicted caused a War by the burden of debt , Ohlin thought that Germany could afford the reparations.)

Major achievements

  • Mathematical model «Heckscher-Ohlin model» of international free trade,which Ohlin developed together with Eli Heckscher.

    The Heckscher–Ohlin Theorem, which is concluded from the Heckscher–Ohlin model of international trade, states: trade between countries is in proportion to their relative amounts of capital and labor. In countries with an abundance of capital, wage rates tend to be high; therefore, labor-intensive products(textiles, simple electronics) are more costly to produce internally. In contrast, capital-intensive products (automobiles, chemicals) are less costly to produce internally. Countries with large amounts of capital will export capital-intensive products and import labor-intensive products with the proceeds. Countries with high amounts of labor will do the reverse.

Works

  • The сause and phases of the World Economic Depression. Report presented to the Assembly of the League of Nations (1931)
  • The German reparations problem(1930)
  • Interregional and International Trade (1933)
  • Mechanisms and Objectives of Exchange Controls (1937)

Membership

  • Social-Liberal Party (Opposition Party to the Social Democrat Governments of the ERA)
    1944 - 1967

Connections

  • Daughter: Anne Wibble
    Minister of Finance, 1991-1994
Bertil Ohlin
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Born April 23, 1899
Died August 3, 1979
(aged 80)
Nationality
Ethnicity:
  • 1925 - 1930
    Professor, University of Copenhagen
  • 1929 - 1965
    Professor of economics, Stockholm School of Economics
  • 1944 - 1945
    Minister for Trade, Swedish Coalition Government
  • 1944 - 1967
    leader, People's Party

Contributor  

Ekaterina Kuryanovich last changed 08/11/2012 view changes
  • Major Achievements
    • Mathematical model «Heckscher-Ohlin model» of international free trade,which Ohlin developed together with Eli Heckscher. The Heckscher–Ohlin Theorem, which is concluded from the Heckscher–Ohlin model of international trade, states: trade between countries is in proportion to their relative amounts of capital and labor. In countries with an abundance of capital, wage rates tend to be high; therefore, labor-intensive products, e.g. textiles, simple electronics, etc., are more costly to produce internally. In contrast, capital-intensive products (automobiles, chemicals) are less costly to produce internally. Countries with large amounts of capital will export capital-intensive products and import labor-intensive products with the proceeds. Countries with high amounts of labor will do the reverse.
    • Mathematical model «Heckscher-Ohlin model» of international free trade,which Ohlin developed together with Eli Heckscher. The Heckscher–Ohlin Theorem, which is concluded from the Heckscher–Ohlin model of international trade, states: trade between countries is in proportion to their relative amounts of capital and labor. In countries with an abundance of capital, wage rates tend to be high; therefore, labor-intensive products(textiles, simple electronics) are more costly to produce internally. In contrast, capital-intensive products (automobiles, chemicals) are less costly to produce internally. Countries with large amounts of capital will export capital-intensive products and import labor-intensive products with the proceeds. Countries with high amounts of labor will do the reverse.
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