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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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.
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.
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5th edition. Very good copy in the colour-printed boards. Spine bands and panel edges somewhat dulled as with age. Remains quite well-preserved overall. Physical description: xi, 414 pages : illustrations ; 24 cm. Notes: Includes bibliographical references and index. Contents: Introduction -- The pattern of trade -- Model and analytic relationships in Ricardian theory -- Ricardian theory and the pattern of trade -- Some extensions of Ricardian theory -- Model and analytic relationships under the Heckscher-Ohlin theory -- The pattern of trade and the Heckscher-Ohlin theory -- Extensions of the Heckscher-Ohlin theory -- Alternative models and theories -- Tariffs, quotas, and transfers -- Tariffs and trade equilibrium -- Tariffs versus quotas -- Effective rate of protection -- The transfer problem -- Trade and welfare in an open economy -- Principal issues and policy instruments -- Gains from trade -- Measuring gains from trade -- Distortions : departures from free-trade optimality -- Monopoly power in trade -- Production externalities -- Monopoly in production -- Monopsony -- Wage differentials -- Generalized sticky wages -- Sector-specific sticky wages -- Noneconomic objectives -- Immiserizing growth -- Increasing returns -- Uniform versus preferential tariff reduction -- International capital flows -- International migration -- Recent theoretical developments -- Directly unproductive profit-seeking (DUP) activities -- Growth and welfare -- Shadow prices for project selection in open economies -- Twoness and duality -- Uncertainty. Subjects: International trade; Commercial policy; Commerce; International economic relations addresses, essays, lectures. 1 Kg. Seller Inventory # 391112
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Seller: MW Books Ltd., Galway, Ireland
5th edition. Very good copy in the colour-printed boards. Spine bands and panel edges somewhat dulled as with age. Remains quite well-preserved overall. Physical description: xi, 414 pages : illustrations ; 24 cm. Notes: Includes bibliographical references and index. Contents: Introduction -- The pattern of trade -- Model and analytic relationships in Ricardian theory -- Ricardian theory and the pattern of trade -- Some extensions of Ricardian theory -- Model and analytic relationships under the Heckscher-Ohlin theory -- The pattern of trade and the Heckscher-Ohlin theory -- Extensions of the Heckscher-Ohlin theory -- Alternative models and theories -- Tariffs, quotas, and transfers -- Tariffs and trade equilibrium -- Tariffs versus quotas -- Effective rate of protection -- The transfer problem -- Trade and welfare in an open economy -- Principal issues and policy instruments -- Gains from trade -- Measuring gains from trade -- Distortions : departures from free-trade optimality -- Monopoly power in trade -- Production externalities -- Monopoly in production -- Monopsony -- Wage differentials -- Generalized sticky wages -- Sector-specific sticky wages -- Noneconomic objectives -- Immiserizing growth -- Increasing returns -- Uniform versus preferential tariff reduction -- International capital flows -- International migration -- Recent theoretical developments -- Directly unproductive profit-seeking (DUP) activities -- Growth and welfare -- Shadow prices for project selection in open economies -- Twoness and duality -- Uncertainty. Subjects: International trade; Commercial policy; Commerce; International economic relations addresses, essays, lectures. 1 Kg. Seller Inventory # 391112
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