Update
The Oxford Biblical Studies Online and Oxford Islamic Studies Online have retired. Content you previously purchased on Oxford Biblical Studies Online or Oxford Islamic Studies Online has now moved to Oxford Reference, Oxford Handbooks Online, Oxford Scholarship Online, or What Everyone Needs to Know®. For information on how to continue to view articles visit the subscriber services page.
Dismiss

Related Content

Related Overviews

comparative advantage

Adam Smith (1723—1790) moral philosopher and political economist

 

More Like This

Show all results sharing this subject:

  • Social sciences

GO

Show Summary Details

Overview

vent for surplus


Quick Reference

First proposed by Adam Smith, the theory of vent for surplus asserts that international trade allows for the fuller use of economic resources than closed, domestic trade. By extension, it ...

Subjects: Social sciences


Reference entries