The Gains from Trade and the Gains from Aid: Essays in International Trade Theor



Murray Kemp, The Gains from Trade and the Gains from Aid: Essays in International Trade Theory
Routledge | 1995 | ISBN: 0415130387 | 416 pages | File type: PDF | 10,4 mb
When does a country benefit from free trade? The question was posed by Adam Smith more than 200 years ago. The Gains from Trade and the Gains From Aid produces some satisfyingly general answers, focusing on the normative side of trade theory with an emphasis on the Pareto optimality. The book discusses trade under perfect competition, restricted trade under perfect competition, trade under imperfect competition and other distortions, compensation and international trade. This is an invaluable guide for those interested in the social consequences of international trade and aid.
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