The Theory of International Trade, Volume One

This major reference work presents in an accessible form the principal writings of John Chipman - one of the world's leading economists in the field of international trade theory. Volume I presents Chipman's famous survey articles on the theory of international trade which are generally recognised to be an essential starting point for any serious study of the subject.

Volume II contains theoretical papers covering topics such as equalisation of factor rentals, international capital mobility, the transfer problem, the theory of trade-demand and trade-utility functions and the relationships among exchange rates, trade restrictions, transfers, resource allocation and the balance of payments.

Volume III contains empirical applications of international trade theory as well as methodological contributions to the aggregation problem in econometric model construction, including the estimation of Stolper-Samuelson relations and of Marshallian offer functions, the effect of transfers on relative prices (including the question of whether commodities outnumber factors or vice versa) and the explanation and estimation of intra-industry trade.

This landmark book gathers together truly seminal articles that are widely scattered through the literature and will be an essential source of reference for both instructors and graduate students concerned with international trade theory.