When adjustment costs are present, cyclical preference and technology heterogeneities in aproduct’s markets induce cycles in production. We exploit cyclic and dihedral groupinvariances in an industry’s cost technology to describe these patterns. We show whenequilibrium cyclical pricing and...

One of the most contentious issues in Chinese history has been the assessment of foreign involvement in the Chinese economy since the end of the nineteenth century. Following Allen and Donnithorne's 1954 publication Western Enterprise in Far Eastern Economic Development which claimed the limited...

Under the international economic order which prevailed between the end of mercantilism and decolonisation (referred to in this essay as liberal imperialism) the costs of transacting, transporting and trading commodities, both within and across national and imperial frontiers declined sharply.1...

Cover -- Title Page -- Copyright -- Dedication -- Contents -- Abbreviations -- Introduction -- 1. Opening a Capitalist Window -- 2. Closing the Open Door -- 3. The Korean War and the Fight for Trade -- 4. Commerce in the Making of "Peaceful Coexistence" -- 5. A "Great Leap" in Trade -- 6....

Opening a capitalist window -- Closing the open door -- The Korean War and the fight for trade -- Commerce in the making of "Peaceful Coexistence" -- A "Great Leap" in trade -- Trading for salvation -- Markets and the rise and fall of "redness".