two-ness

Definition

Economics

  • The property of simple versions of many trade models that they have two of everything: goods, factors, and countries especially. An important issue, addressed by Jones (1977), who coined the term, and byJones and Scheinkman (1977) is the extent to which the results of these models depend on this two-ness.
http://www.dictionarycentral.com/definition/two-ness.html