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The Theory of International Trade

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International Economics

Part of the book series: Recent Economic Thought Series ((RETH,volume 11))

Abstract

We have long thought of the pure theory of international trade as pretty much a settled thing—especially by comparison with international monetary economics, which few of us have ever thought we understood. Yet trade theory has now become one of the most active branches of economics and is widely perceived by the profession to be a field “in transition.” Why is this so?

This chapter is based upon a set of lectures delivered at the Katholieke Universiteit Leuven in May of 1985. I am grateful to Avinash Dixit and Lawrence Officer for comments.

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Authors
  1. Wilfred J. Ethier
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  1. University of Illinois, Chicago, USA

    Lawrence H. Officer

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Ethier, W.J. (1987). The Theory of International Trade. In: Officer, L.H. (eds) International Economics. Recent Economic Thought Series, vol 11. Springer, Dordrecht. https://doi.org/10.1007/978-94-009-3263-0_1

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  • DOI: https://doi.org/10.1007/978-94-009-3263-0_1

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