Global trade and payments data, although absolutely essential to an understanding of the pattern and direction of world commerce, are not completely unambiguous. Compilers of such data face numerous problems of definition and measurement of particular components of nations' aggregate external...

Ricardian trade theory was based on the cost of labor at a time when grain and other consumer goods accounted for most subsistence spending. But today's budgets are dominated by payments to the finance, insurance, and real estate (FIRE) sector and to newly privatized monopolies. This has made...

Ricardian trade theory was based on the cost of labor at a time when grain and other consumer goods accounted for most subsistence spending. But today's budgets are dominated by payments to the finance, insurance, and real estate (FIRE) sector and to newly privatized monopolies. This has made...

COVER -- CONTENTS -- GENERAL INTRODUCTION -- PART I : PURE THEORY OF INTERNATIONAL TRADE AND TRADE POLICY -- THEORY OF COMPARATIVE ADVANTAGE -- FACTOR ENDOWMENT AND COMPARATIVE ADVANTAGE -- INTERNATIONAL EQUILIBRIUM -- THE TERMS OF TRADE -- TRADE POLICY -- CUSTOMS UNION -- BIBLIOGRAPHY OF PART I...