Skip to Content

International Trade Theory

A Critical Review

By Murray Kemp

Routledge – 2008 – 220 pages

Series: Routledge Studies in International Business and the World Economy

Purchasing Options:

  • Add to CartPaperback: $54.95
    978-0-415-62037-6
    February 2nd 2011
  • Add to CartHardback: $170.00
    978-0-415-43765-3
    May 12th 2008

Description

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.

Contents

Part 1: The Classical Theory of International Trade Part 2: The Neo-Classical Theory of International Trade Part 3: Normative Trade Theory Part 4: Background

Author Bio

Murray C. Kemp is Emeritus Professor at the University of New South Wales in Sydney and has previously served as President of the International Economics and Finance Society.

Name: International Trade Theory: A Critical Review (Paperback)Routledge 
Description: By Murray Kemp. 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...
Categories: Political Economy, International Business, International Finance, International Trade (incl. trade agreements & tariffs), Politics of International Trade