International Trade, Welfare and the Theory of General Equilibrium

International Trade, Welfare and the Theory of General Equilibrium, Cambridge University Press, ISBN: 978-1-108-47387-3

Posted: 20 Aug 2018

See all articles by Sugata Marjit

Sugata Marjit

Centre for Studies in Social Sciences, Calcutta; City University of Hong Kong (CityUHK) - Department of Economics & Finance

Saibal Kar

Centre for Studies in Social Sciences, Calcutta; Institute of Labor Economics (IZA)

Date Written: August 8, 2018

Abstract

General equilibrium model of international trade has profoundly impacted various sub-disciplines of economics such as development economics, public economics, and environmental economics, among many others. These models continue to inspire younger generations of researchers and are used as essential tools for evaluation of policies. It began with the celebrated contribution of Ronald W. Jones in the Journal of Political Economy in 1965. In 2015, a group of scholars, both senior and young, gathered at the Centre for Studies in Social Sciences, Calcutta, to celebrate 50 years of publication of the article. The event engaged with discussions on a host of contemporary topics in international trade theory and policy highlighting the use of a general equilibrium framework. Central ideas and themes that emerged from these discussions are presented in this volume as cohesive and comprehensive chapters to celebrate a landmark and to record the influence of the idea of general equilibrium in theory and policy. Given that the core theory has ramified along various dimensions, the topics studied in this volume are naturally diverse.

Keywords: International Trade, General Equilibrium, Welfare, Distribution, Policy

JEL Classification: F1, F11, D3, J6

Suggested Citation

Marjit, Sugata and Kar, Saibal, International Trade, Welfare and the Theory of General Equilibrium (August 8, 2018). International Trade, Welfare and the Theory of General Equilibrium, Cambridge University Press, ISBN: 978-1-108-47387-3. Available at SSRN: https://ssrn.com/abstract=3228380

Sugata Marjit

Centre for Studies in Social Sciences, Calcutta ( email )

R 1, B.P. Township
Kolkata, West Bengal, India
Kolkata, West Bengal 700094
India

City University of Hong Kong (CityUHK) - Department of Economics & Finance ( email )

83 Tat Chee Avenue
Kowloon
Hong Kong

Saibal Kar (Contact Author)

Centre for Studies in Social Sciences, Calcutta ( email )

R-1, Baishnabghata Patuli Township
Calcutta, 700 094
India
91-33-2462 7252 (Phone)
91-33-2462 6183 (Fax)

HOME PAGE: http://www.cssscal.org

Institute of Labor Economics (IZA) ( email )

P.O. Box 7240
Bonn, D-53072
Germany

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