This paper examines issues which have arisen from the growth of non-tariff measures (NTM)s as the preferred instrument of government intervention in commodities markets, especially for agricultural commodities. In order to understand the effects of NTMs and to compare them with tariffs, the...

Despite reforms over the past quarter-century, world agricultural markets remain highly distorted by government policies. Traditional indicators of those price distortions such as the nominal rate of assistance and consumer tax equivalent provide measures of the degree of intervention, but they...

This is a unique account of the role played by 58 figures and diagrams commonly used in economic theory. These cover a large part of mainstream economic analysis, both microeconomics and macroeconomics and also general equilibrium theory