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The Pure Theory of International Trade: A Survey

Author

Listed:
  • Jagdish Bhagwati

Abstract

This chapter surveys that branch of international trade theory which, following Marshall, is generally described as “pure.” This epithet separates it from “monetary” theory. It is not to be taken to imply exceptional esotericism and abstraction from the problems of the real world. Indeed, I propose to give prominence to that part of the growing, new literature in pure theory which attempts explicitly to bring the theory on to the ground—through empirical verification of testable propositions, through measurement of the gains and losses from changes in trade policy and through the formulation of analytical and operational models to assist the developmental planning that is becoming a key characteristic of the developing nations.

Suggested Citation

  • Jagdish Bhagwati, 1965. "The Pure Theory of International Trade: A Survey," Palgrave Macmillan Books,, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-00460-7_3
    DOI: 10.1007/978-1-349-00460-7_3
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    Citations

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    Cited by:

    1. Jean Waelbroeck, 1976. "Measuring the Degree or Progress of Economic Integration (Main Paper, Working Group A)," ULB Institutional Repository 2013/10934, ULB -- Universite Libre de Bruxelles.
    2. Gary Hufbauer, 1970. "The Impact of National Characteristics & Technology on the Commodity Composition of Trade in Manufactured Goods," NBER Chapters, in: The Technology Factor in International Trade, pages 145-231, National Bureau of Economic Research, Inc.
    3. Foders, Federico, 1983. "Industriegüterexport und Faktorproportionenhypothese: Untersuchung am Beispiel der Exportstruktur Argentiniens," Open Access Publications from Kiel Institute for the World Economy 439, Kiel Institute for the World Economy (IfW Kiel).
    4. François Vellas, 1980. "Qualification du travail et structure du commerce extérieur français," Revue Économique, Programme National Persée, vol. 31(1), pages 34-66.
    5. Sheldon, Ian, 1989. "Intra-Industry Trade and Specialisation in Processed Agricultural Products: Theory and Issues," Occasional Papers 232829, Regional Research Project NC-194: Organization and Performance of World Food Systems.

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