Heckscher's 1919 article originated the Heckscher-Ohlin theory of international trade. In 1987 Carl Uhr pointed out that Heckscher in 1928 made another major contribution to economics in a German-language article on 'intermittently free goods', presenting 'a theory of imperfect competition nine...

This thought-provoking book discusses the concept of progress in economics and investigates whether any advance has been made in its different spheres of research. The authors look back at the history, successes and failures of their respective fields and thoroughly examine the notion of...

The Handbook on International Trade Policy is an insightful and comprehensive reference tool focusing on trade policy issues in the era of globalization. Each specially commissioned chapter deals with important international trade issues, discusses the current literature on the subject, and...

This is a unique and detailed book which surveys the diffusion and reception of Alfred Marshall’s ideas and the ways they have influenced the development of economic science up to the present day.

The fairness of institutions of global economic governance ranks among the most pressing issues of our time. Most approaches to understanding the complex structure of treaties and intergovernmental organizations such as the WTO tend to uncritically accept an economic focus, highlighting gains...

In 1986, Dinwiddy and Teal analyzed the shadow exchange rate (SER) in a tariff-distorted, small economy containing two traded and one non-traded good. Contrary to their claim, I maintain a SER is inherent to their model even if the balance of payments constraint is "binding." It equals the value...