International Economics (Addison-Wesley Series in Economics): Theory and Policy

Bad guy notice......Page 2
BRIEF CONTENTS......Page 4
Part I......Page 6
Part 2......Page 9
Part 3......Page 12
Part 4......Page 17
PREFACE......Page 21
C H A P T E R  1......Page 30
PART I......Page 38
The Concept of Comparative Advantage......Page 39
Production Possibilities......Page 41
Trade in a One-Factor World......Page 43
Determining the Relative Price after Trade......Page 45
The Gains From Trade......Page 48
A Numerical Example......Page 49
Relative Wages......Page 50
THE LOSSES FROM NON-TRADE......Page 51
Productivity and Competitiveness......Page 52
Exploitation......Page 53
DO WAGES REFLECT PRODUCTIVITY?......Page 54
Setting Up the Model......Page 55
Relative Wages and Specialization......Page 56
Determining the Relative Wage in the Multigood Model......Page 57
Adding Transport Costs and Nontraded Goods......Page 59
Empirical Evidence on the Ricardian Model......Page 60
Summary......Page 63
Problems......Page 64
Further Reading......Page 65
Specific Factors and Income Distribution......Page 67
Assumptions of the Model......Page 68
Production Possibilities......Page 69
Prices, Wages, and Labor Allocation......Page 73
An Equal Proportional Change in Prices.......Page 75
A Change in Relative Prices.......Page 76
Relative Prices and the Distribution of Income......Page 78
International Trade in the Specific Factors Model......Page 79
Resources and Relative Supply......Page 80
Trade and Relative Prices......Page 81
The Pattern of Trade......Page 82
Income Distribution and the Gains From Trade......Page 83
Optimal Trade Policy......Page 86
Income Distribution and Trade Politics......Page 87
SPECIFIC FACTORS AND THE BEGINNINGS OF TRADE THEORY......Page 88
Problems......Page 89
Further Reading......Page 91
Marginal and Total Product......Page 92
Relative Prices and the Distribution of Income......Page 93
C H A P T E R  4......Page 96
C H A P T E R  5......Page 122
C H A P T E R  6......Page 149
C H A P T E R  7......Page 189
PART 2......Page 214
C H A P T E R  8......Page 215
C H A P T E R  9......Page 247
C H A P T E R  10......Page 284
C H A P T E R  11......Page 305
PART 3......Page 322
C H A P T E R  12......Page 323
C H A P T E R  13......Page 353
C H A P T E R  14......Page 386
C H A P T E R  15......Page 417
C H A P T E R  16......Page 462
C H A P T E R  17......Page 510
PART 4......Page 560
C H A P T E R  18......Page 561
C H A P T E R  19......Page 597
C H A P T E R  20......Page 633
C H A P T E R  21......Page 665
C H A P T E R  22......Page 694
Mathematical Postscripts......Page 736
The Specific Factors Model......Page 737
The Factor Proportions Model......Page 743
The Trading World Economy......Page 746
The Monopolistic Competition Model......Page 755
Risk Aversion and International Portfolio Diversification......Page 757
INDEX......Page 766