Developments of International Trade Theory

Developments of International Trade Theory offers the life-long reflections of a distinguished Japanese scholar who pioneered the application of general equilibrium theory to international trade. Written in a style that makes it easily accessible to scholars and students, the book combines standard topics on international trade with a discussion of the evolution of the theory and as well as recent discussions on topics such as immiserizing growth.This book consists of two parts. Part I examines the historical progression of international trade theory, and Part II addresses the modern theory and recent developments of international trade. In this way the book offers a comprehensive evaluation of the non-monetary problems of international economics.Taking advantage of the publication of this new edition, the author includes two new chapters, "e;Adam Smith and Disequilibrium Economic Theory"e; and "e;Complete Specialization in Classical Economics,"e; which readers will profit from reading after they have studied the basic theories of international trade in the main part of the book.