Business & Economics Books:

International Trade and National Welfare

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International Trade and National Welfare by Murray C. Kemp

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When can a country be said to benefit from free trade? This question has obsessed economists for more than 200 years, and a definitive answer has never been provided. Continuing the influential work begun in The Gains from trade and the Gains from Aid, (0-415-13038-7, Routledge 1995, u85.00), Murray Kemp here presents the recent progress he and his co-workers have made in tackling this important question. The book is divided into three sections: - The gains from trade under perfect competition: including chaotic equilibria, endogenous markets, internationalisation of the world economy, customs unions, smuggling and optimal commercial policy. - The gains from trade under non-profit competition: including increasing returns, socialist economies, oligopolistic competition, voluntary export restraints. - Background: including properties of egalitarian economies, Pareto's compensation principle. International Trade and National Welfare will be an invaluable guide for all those interested in the social consequences of international trade.
Release date NZ
August 30th, 2001
Country of Publication
United Kingdom
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