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Rethinking International Trade
 
 
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Rethinking International Trade [Paperback]

Paul Krugman (Author)

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Book Description

March 29, 1994

Over the past decade a small group of economists has challenged traditional wisdom about international trade. Rethinking International Trade provides a coherent account of this research program and traces the key steps in an exciting new trade theory that offers, among other possibilities, new arguments against free trade.Krugman's introduction is a valuable guide to research that has delved anew into the causes of international trade and reopened basic questions about the international pattern of specialization, the effects of protectionism, and what constitutes an optimal trade policy. In the four sections that follow, he takes a revisionary look at the causes of international trade, and discusses growth and the role of history, technological change and trade, and strategic trade policy.


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Editorial Reviews

Review

"Paul Krugman is probably the most innovative and influentialinternational trade theorist of the 1980s. This collection of hispapers establishes him as the youngest elder statesman in thisarea." Avinash Dixit , Princeton University

About the Author

Paul Krugman is Professor of Economics and International Affairs at Princeton University and a New York Times columnist. He was awarded the Nobel Prize for Economics in 2008.

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More About the Author

Paul Krugman is the recipient of the 2008 Nobel Prize in Economics. He writes a twice-weekly op-ed column for the New York Times and a blog named for his 2007 book "The Conscience of a Liberal." He teaches economics at Princeton University. His books include "The Accidental Theorist," "The Conscience of a Liberal," "Fuzzy Math," "The Great Unraveling," "Peddling Prosperity," and two editions of "The Return of Depression Economics," both national bestsellers.

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Inside This Book (learn more)
First Sentence:
The past ten years have seen a remarkable change, a sort of quiet revolution, in the theory of international trade. Read the first page
Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
partial indirect exchange, total indirect exchange, trade reproduces, reciprocal dumping, unit labor requirement, intraindustry trade, dynamic scale economies, procompetitive effect, alpha products, conjectural variations, interindustry trade, monopolistic competition model, new trade theory, monopoly distortion, vehicle currency, similar factor endowments, home firm, less advanced country, vehicle currencies, world payments, technology intensity, integrated economy, trade theorists, strategic trade policy, beta products
Key Phrases - Capitalized Phrases (CAPs): (learn more)
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