Political Economy and International Economics
Political Economy and International Economics is the fifth volume of collected essays by the noted economist Jagdish Bhagwati. Following Essays in International Economic Theory (edited by Robert Feenstra) and Essays in Development Economics (edited by Gene Grossman), it reflects Bhagwati's wide range of interests and his rare ability to combine economic theory and political analysis.Many of Bhagwati's writings provide fresh insights into old problems, from the theory of commercial policy, to foreign investment and labor migration; others open up new areas such as services to analysis. Recent work on the theory of political economy, including DUP (directly unproductive profit-seeking) activities and quid pro quo direct investment, breaks new ground. Also included are a number of previously inaccessible lectures covering such important issues as poverty and public policy. Cutting across several fields of economics, including public finance and development, these provide masterly syntheses and overviews of broader issues.
HardcoverOut of Print ISBN: 9780262023221 592 pp. | 8.8 in x 5.9 in
Paperback$10.75 S ISBN: 9780262522182 592 pp. | 8.8 in x 5.9 in
It is not only specialists in international trade, but also students of collective choice and economists in still other fields who need to read this wide-ranging book. They will enjoy it, for the book is well written and witty as well as sensible and incisive.
To derive a quick, but authoritative, grasp of what is new and important in the fast-moving field of international economics and policy, I know of no better book than this collection of Jagdish Bhagwati's recent works. Read; enjoy; and keep this on your shelf for frequent reference.
Paul A. Samuelson