Murray C. Kemp is one of Australia's foremost economists. He has
held positions across the world including London School of
Economics, U.C. Berkeley, Columbia University, McGill University,
MIT, and latterly Macquarie University. Kemp was a Member of
Council for the Econometric Society and was a Distinguished Fellow
of the Economics Society of Australia. He has served as President
of the International Economics and Finance Society. In 1987 he was
awarded the Humboldt Foundation Prize.
This book brings together several essays on the current state of
the theory of international trade. As the book's title suggests,
the essays are critical of several major components of the existing
theory; thus, the Ricardian principle of comparative advantage, the
ancient and widely accepted belief that international free trade is
potentially beneficial for all countries, and the more recently
developed normative analysis of international transfers (foreign
aid, war indemnities) are shown to be seriously defective.
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