International Trade and National Welfare
Routledge – 2001 – 228 pages
When can a country be said to benefit from free trade?
This question has obsessed economists for more than 200 years, and a definitive answer has never been provided. Continuing the influential work begun in The Gains from Trade and the Gains from Aid, (Routledge 1995), Murray Kemp here presents the recent progress he and his co-workers have made in tackling this important question.
Part I: The Gains from Trade Under Perfect Competition
Part II The Gains from Trade Under Non-perfect Competition