International Trade Theory: A Critical Review

Book Cover......Page 1
Title......Page 6
Copyright......Page 7
Contents......Page 8
Acknowledgements......Page 12
Introduction......Page 14
Part I The classical theory of international trade......Page 22
1 The Torrens-Ricardo Principle of Comparative Advantage: An extension......Page 24
2 Gottfried Haberler’s Principle of Comparative Advantage......Page 37
3 Trade between countries with radically different preferences......Page 46
4 Production and trade patterns under uncertainty......Page 53
Part II The neo-classical theory of international trade......Page 68
5 International trade without autarkic equilibria: Macroeconomic implications......Page 70
6 Impoverishing technical and preferential improvements......Page 83
7 A dynamic Heckscher-Ohlin model: The case of costly factor reallocation......Page 92
8 A second correspondence principle......Page 109
9 A theory of involuntary unrequited international transfers......Page 126
10 A theory of involuntary unrequited international transfers: A reply to Carlos da Costa......Page 132
11 A theory of voluntary unrequited international transfers......Page 136
12 Aid tied to the donor’s exports......Page 149
13 Variable returns to scale and factor price equalization......Page 156
14 Market structure and factor price equalization......Page 159
15 Factor price equalization when the world equilibrium is not unique......Page 166
16 Factor price equalization in a world of many trading countries......Page 172
17 Heckscher-Ohlin theory: Has it a future?......Page 174
Part III Normative trade theory......Page 178
18 On a misconception concerning the classical gains-from-trade proposition......Page 180
19 Recent challenges to the classical gains-from-trade proposition......Page 182
20 Trade gains: The end of the road?......Page 186
21 Tariff reform: Some pre-strategic considerations......Page 193
22 On the existence of equivalent tariff vectors: When the status quo matters......Page 202
Part IV Methodology......Page 216
23 The representative agent in economic theory......Page 218
24 Price taking in general equilibrium......Page 220
25 Generality versus tractability......Page 223
Notes......Page 225
References......Page 233
Index......Page 239