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Lectures on International Trade

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ISBN-10: 0262021854

ISBN-13: 9780262021852

Edition: 1984

Authors: Jagdish N. Bhagwati, T. N. Srinivasan

List price: $55.00
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Description:

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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Book details

List price: $55.00
Copyright year: 1984
Publisher: MIT Press
Publication date: 6/23/1983
Binding: Hardcover
Pages: 432
Size: 6.00" wide x 9.00" long x 1.25" tall
Weight: 1.716
Language: English

Preface to the Second Edition
Introductionp. 1
Theories of International Tradep. 7
Model and Analytic Relationships in Recardian Theoryp. 9
Ricardian Theory and the Pattern of Tradep. 29
Some Extensions of Ricardian Theoryp. 35
Model and Analytic Relationships under the Heckscher-Ohlin Theoryp. 53
Pattern of Trade and the Heckscher-Ohlin Theoryp. 79
Specific-Factors Modelp. 91
Generalizations and Empirical Verification of the Heckscher-Ohlin Theoryp. 107
Dual Approach: Basic Toolsp. 131
Mathematical Analysis of the 2 x 2 and 2 x 3 Modelsp. 143
Economies of Scalep. 163
Trade Interventions and Transfersp. 201
Tariffs and Trade Equilibriump. 203
Tariffs versus Quotasp. 221
Other Commercial Policy Instrumentsp. 229
Effective Rate of Protectionp. 239
Transfer Problemp. 247
Trade and Welfare in an Open Economyp. 255
Principal Issues and Policy Instrumentsp. 257
Gains from Tradep. 265
Measuring Gains from Tradep. 281
Distortions: Departures from Free-Trade Optimalityp. 285
Monopoly Power in Tradep. 289
Production Externalitiesp. 301
Monopoly in Productionp. 309
Monopsonyp. 313
Wage Differentialsp. 323
Generalized Sticky Wagesp. 331
Sector-Specific Sticky Wagesp. 343
Noneconomic Objectivesp. 351
Immiserizing Growthp. 369
Imperfect Competition and Trade Policyp. 381
Uniform versus Preferential Tariff Reductionp. 421
International Capital Flowsp. 455
International Migrationp. 467
Recent Theoretical Developmentsp. 473
Directly Unproductive Profit-Seeking (DUP) Activitiesp. 475
Trade Reformp. 497
Growth and Welfarep. 517
Endogenous Growth, Innovation, and Tradep. 527
Shadow Prices for Project Selection in Open Economiesp. 541
Uncertaintyp. 549
Alternative Elasticity Formulasp. 565
Basic Results of the 2 x 2 Neoclassical Model of Trade Theoryp. 569
Classical Comparative-Statics Model and Analytical Relationshipsp. 583
Indexp. 595
Table of Contents provided by Blackwell. All Rights Reserved.