Developments of International Trade Theory (Advances in Japanese Business and Economics Book 2)

Developments of International Trade Theory offers the life-long reflections of a distinguished Japanese scholar who pioneered the application of general equilibrium theory to international trade. Written in a style that makes it easily accessible to scholars and students, the book combines standard topics on international trade with a discussion of the evolution of the theory and as well as recent discussions on topics such as immiserizing growth. This book consists of two parts. Part I examines the historical progression of international trade theory, and Part II addresses the modern theory and recent developments of international trade. In this way the book offers a comprehensive evaluation of the non-monetary problems of international economics. Taking advantage of the publication of this new edition, the author includes two new chapters, {esc}(3z{esc}(BAdam Smith and Disequilibrium Economic Theory{esc}(3y{esc}(B and {esc}(3z{esc}(BComplete Specialization in Classical Economics, {esc}(3y{esc}(B which readers will profit from reading after they have studied the basic theories of international trade in the main part of the book Front Matter....Pages i-xiii Front Matter....Pages 1-1 Mercantilism....Pages 3-8 Specie-Flow Mechanism....Pages 9-13 Adam Smith and Division of Labor....Pages 15-20 Ricardo and Comparative Costs....Pages 21-32 J. S. Mill and Reciprocal Demand....Pages 33-42 Mill and Infant Industry....Pages 43-49 Marx and International Exploitation....Pages 51-59 Marshall and Offer Curve....Pages 61-66 Front Matter....Pages 67-67 Theory of Production....Pages 69-74 Heckscher–Ohlin Theory (1)....Pages 75-80 Heckscher–Ohlin Theory (2)....Pages 81-86 Leontief Paradox....Pages 87-92 Domestic Distortions....Pages 93-98 Export Promotion and Welfare....Pages 99-103 Oligopoly....Pages 105-114 Immiserizing Growth....Pages 115-126 External Economies....Pages 127-137 Front Matter....Pages 139-139 Adam Smith and Disequilibrium Economic Theory....Pages 141-150 Complete Specialization in Classical Economics....Pages 151-165 Back Matter....Pages 167-174