The world has seen two globalization booms over the past two centuries, and one bust. The first global century ended … trade restriction pretty much everywhere. Some concessions to the losers were also manifested by a race towards the top … concludes with four lessons of history and an agenda for international economists, including more attention to the impact of …

Business cycles reflect changes over time in the amount of trade between individuals. In this paper we show that … incorporating explicitly intra-temporal gains from trade between individuals into a macroeconomic model can provide new insight into … "gains from trade" approach can easily explain why changes in perceptions about the future (including "news" about the future …

wealth. We use a two factor general equilibrium model and assume credit markets are absent. We explore the effects of trade … that developed countries need to ensure access to education when liberalizing trade to ensure they reap the potential gains … from trade …

execution and the risk is a result of price movements during a more gradual trading. The paper shows that the trade-off between …

This study explores the interaction between trade and geography in shaping the Islamic economic doctrine. We build a … model where an unequal distribution of land quality in presence of trade opportunities conferred differential gains from … trade across regions, fostering predatory behavior by groups residing in the poorly endowed territories. We show that in …

trader can walk away from a proposed trade when he learns the trading price. We show that when one trader's information is …