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Theory of International Trade
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  • 50 b/w illus.
  • Page extent: 352 pages
  • Size: 216 x 138 mm
  • Weight: 0.45 kg

Library of Congress

  • Dewey number: 382/.01/5118
  • Dewey version: 20
  • LC Classification: HF1379 .D59 1980
  • LC Subject headings:
    • International trade--Mathematical models

Library of Congress Record

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 (ISBN-13: 9780521299695 | ISBN-10: 0521299691)

DOI: 10.2277/0521299691

  • There was also a Hardback of this title but it is no longer available | Adobe eBook
  • Published March 1985

Manufactured on demand: supplied direct from the printer

 (Stock level updated: 02:09 GMT, 28 November 2015)


This book expounds trade theory emphasizing that a trading equilibrium is general rather than partial, and is often best modelled using dual or envelope functions. This yields a compact treatment of standard theory, clarifies some errors and confusions, and produces some new departures. In particular, the book (i) gives unified treatments of comparative statics and welfare, (ii) sheds new light on the factor-price equalization issue, (iii) treats the modern specific-factor model in parallel with the usual Heckscher-Ohlin one, (iv) analyses the balance of payments in general equilibrium with flexible and fixed prices, (v) studies imperfect competition and intra-industry trade.


1. The theory of international trade; 2. Supply and demand using duality; 3. International equilibrium and the gains from trade; 4. Trade, specialization and factor prices; 5. Comparative statics; 6. Welfare and trade policy; 7. Money and the balance of payments; 8. Trade and payments with fixed prices; 9. Scale economies and imperfect competition; Mathematical appendix; Bibliography; Index.

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