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Synopsis
This textbook by two eminent theorists of international trade presents the most integrated and ambitious treatment of the subject available to date. It has evolved over several years of lectures to graduate students at major campuses such as MIT, Yale, and Columbia. While it is primarily addressed to graduate-level courses, it can also be easily adapted to upper-level undergraduate use, since the exposition starts from basic principles. Intuitive, geometric, and mathematical arguments are judiciously combined in a masterly treatment that makes this a unique and authoritative text in the field.
The book concerns pure rather than monetary theory, and its thirty-four chapters are organized into four parts. The first develops alternative models and theories explaining the trade pattern. The second is addressed to tariffs, quotas, and transfers. The third develops the theory of trade and welfare. The topics include gain from trade, theory of distortions and policy intervention, immiserizing growth, customs unions, DUP activities, international capital flows and migration. The final part treats other threshold topics such as trade and growth, two-ness and duality, cost-benefit analysis and uncertainty.
Jagdish N. Bhagwati is Arthur Lehman Professor of Economics and Director, International Economics Research Center, at Columbia University. Among his books are International Trade: Selected Readings (MIT Press, 1981) which complements and can be effectively used with this new text. T.N. Srinivasan is Samuel C. Park Jr. Professor of Economics at Yale University.
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About the Author
Jagdish Bhagwati is University Professor at Columbia University and External Advisor to the Director General, World Trade Organization and Senior Fellow for International Economics with the Council on Foreign Relations. He was named Distinguished Fellow of the American Economic Association in 2003.
Review
A comprehensive treatment of both positive and normative tradetheory, this second edition includes new chapters on thespecific-factors model, economies of scale, strategic trade policy,and endogenous growth. Graduate students will appreciate the lucidwriting and the judicious mix of algebra and diagrams.
(Gene Grossman, Jacob Viner Professor of International Economics, Princeton University)"About this title" may belong to another edition of this title.
- PublisherThe MIT Press
- Publication date1983
- ISBN 10 0262021854
- ISBN 13 9780262021852
- BindingHardcover
- Number of pages432
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