This essential volume reflects the continuing and enduring utility of general equilibrium as a framework of analyses. It attempts to reiterate that understanding broad and holistic consequence of economic events and policies go beyond partial equilibrium perspective. Cutting across areas of...

The collection of essays in this volume provides fairly comprehensive analyses of contemporary theoretical and policy issues in international trade. As technological revolution eliminates communications costs and the countries gear towards more open trade regimes through negotiations at the WTO,...

Part I: Globalization, Input Trade and Sanyal’s Contribution to Trade Theory -- Chapter 1: Middle Products Revisited -- Chapter 2: Competition Policy vs. Industrial Policy -- Part II: Trade, Technology and Increasing Returns -- Chapter 3: Protectionism and Increasing Returns -- Chapter 4:...

Something new for something old : reflections on a model with three factors and two goods / Stephen T. Easton -- On commodity prices and factor rewards : a close look at sign patterns / Tapan Mitra -- National security and international trade : a simple general equilibrium model / Ronald...