Rethinking International Trade.

KRUGMAN, Paul.

$350.00

Item Number: 87512

Cambridge, MA: MIT Press, 1990.

First edition of this early work by the Nobel Prize-winning economist. Octavo, original cloth. Inscribed by the author on the title page, “To William Paul Krugman.” Fine in a near fine dust jacket.

Rethinking International Trade provides a coherent account of this research program and traces the key steps in an exciting new trade theory that offers, among other possibilities, new arguments against free trade. Krugman's introduction is a valuable guide to research that has delved anew into the causes of international trade and reopened basic questions about the international pattern of specialization, the effects of protectionism, and what constitutes an optimal trade policy. In the four sections that follow, he takes a revisionary look at the causes of international trade, and discusses growth and the role of history, technological change and trade, and strategic trade policy.