negative interpretations, such as equating the concept with a strive for autarky, nationalism, and the roll-back of …

resources. The costs of such disputes in terms of arming depend on the trade regime in place. Under either autarky or free trade … gains from trade and thus render autarky more desirable for one or both rival states. Furthermore, contestation of resources …

This paper proposes an equilibrium theory of nominal exchange rates, which offers a new perspective on various issues … features of this theory are that the nominal exchange rate is determined in international financial markets, that the risk … from the nominal exchange rate. In terms of policy, this novel theory implies that a country with an exchange rate peg and …

International trade economists made seminal contributions to general equilibrium theory, moving away from an emphasis …