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
Date Written: August 8, 2018
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: Suggested Citation