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Hardcover | $55.00 Short | £37.95 | ISBN: 9780262061865 | 314 pp. | 6.2 x 9 in | July 1996

The Political Economy of Trade Policy

Papers in Honor of Jagdish Bhagwati


This collection of papers by former students and colleagues celebrates the profound impact that Jagdish Bhagwati has had on the field of international economics over the past three decades. Bhagwati, who is the Arthur Lehman Professor of Economics at Columbia University, has made pathbreaking contributions to the theory of international trade and commercial policy, including immiserizing growth, domestic distortions, economic development, and political economy. His success and influence as a teacher and mentor is widely recognized among students at both MIT and Columbia, and as founder of the Journal of International Economics, he has encouraged research on many questions of theoretical and policy relevance. The political economy of trade policy, Bhagwati's most recent area of interest, is the theme of this collection which addresses salient topics including market distortions, income distribution, and the political process of policy-making.

Sections and Contributors:

- Market Distortions. T. N. Srinivasan. Paul A. Samuelson. Paul R. Krugman.

- Trade and Income Distribution. Douglas A. Irwin. Richard A. Brecher and Ehsan U. Choudri. Robert C. Feenstra and Gordon H. Hanson. Earl L. Grinols.

- Perspectives on Political Economy. Robert E. Baldwin. Peter Diamond.

- Models of Political Economy and Trade. Gene M. Grossman and Elhana Helpman. John Douglas Wilson. B. Peter Rosendorff. Arvind Panagariya and Ronald Findlay.

About the Editors

Robert C. Feenstra is Professor of Economics and C. Bryan Cameron Distinguished Chair in International Economics at the University of California, Davis. He directs the International Trade and Investment Program at the NBER and is the author of Advanced International Trade: Theory and Evidence and Offshoring in the Global Economy: Microeconomic Structure and Macroeconomic Implications (MIT Press, 2010).

Gene M. Grossman is Jacob Viner Professor of International Economics and Director of the International Economics Section at Princeton University.

Douglas A. Irwin is Professor of Economics at Dartmouth College. He is the author of Free Trade under Fire, Peddling Protectionism: Smoot-Hawley and the Great Depression, and other books.


"In the international-trade-theory Hall of Fame after Smith, Ricardo, andMill before this century, then Taussig, Viner, Heckscher, Ohlin, Meade andSamuelson comes Jagdish Bhagwati, the hero of this Festschrift. Samuelson,in fact, calls this `The Age of Bhagwati'. Teachers, colleagues, students,peers have joined to honor him and to celebrate and push ahead with hismany innovative extensions of classic theory. For those who need to get upto date, here is a vital compendium."
Charles P. Kindleberger, Ford International Professor ofEconomics, MIT, Emeritus

"This is a superb collection of essays in honor of a great economist -Jagdish Bhagwati. Written by students and associates, these papersreveal the vast influence that Bhagwati has had on the subject ofinternational economics."
Edward E. Leamer, Chauncey J. Medberry Professor,Anderson School, UCLA

"This volume containing some major papers, theoretical and empirical, inthe area of political economy of trade policy is a fitting tribute toJagdish Bhagwati, an international stalwart in the field."
Pranab Bardhan, Professor of Economics, University of Californiaat Berkeley