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Welfare Economics of International Trade (Fundamentals of Pure and Applied Economics Series)
Welfare Economics of International Trade - Fundamentals of Pure and Applied Economics Series Author:Murray C. Kemp, Henry Y., Jr. Wan This volume provides a careful account of the leading propositions about the welfare gains associated with international trade and investment under differing institutional arrangements and policy choices. It concentrates on exploring two propositions which are valid for economies of any size; the first being the assertion of the gainfulness of f... more »ree trade for a single free-trading country, and a second, more general proposition about the welfare economics of customs unions. Both the logic and implementability of these propositions are assessed, as is their relevance to the formation of commercial policy.
Murray c. Kemp is Research Professor of Economics at the University of New South Wales, Australia. He has also taught at McGill University and the Massachusetts Institute of Technology, USA. Henry Y. Wan, Jr. is Research Professor of Economics at Cornell University. He has also taught at the National Taiwan University, University of California at Davis, USA and Fudan University, PRC.« less