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Essays in International Economic Theory, v. 2 - International Factor Mobility (Paperback, New edition)
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Essays in International Economic Theory, v. 2 - International Factor Mobility (Paperback, New edition)
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These two volumes contain seventy essays chosen largely for the
originality of their contributions. The first volume contains
several classic papers. Among them are the many contributions to
the theory of distortions in the 1960s which laid the foundations
of the postwar theory of commercial policy. Also included are
Bhagwati's important papers of the 1970s and 1980s which have
shaped a new revolution in the theory of trade and welfare: the
political-economy-theoretic analysis of DUP (directly-unproductive
profit-seeking) activities. Influential essays on the
nonequivalence of tariffs and quotas, immiserizing growth,
cost-benefit analysis in open economies, and other major areas of
trade theory are covered. The second volume presents essays that
have opened up new areas of analysis in the theory of international
trade and in the associated fields of public finance and
developmental economics. Bhagwati's seminal work on the novel
question of the appropriate income tax jurisdiction in the presence
of international factor mobility, his well-known analyses of the
consequences of skilled migration, the problem of the optimal
choice between international capital and labor mobility, are all
included.
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