Document Type
Book Review
Publication Date
1973
Abstract
This volume of Takashi Negishi's excellent essays in the theory of international trade underlines two major phenomena in this field: i) the displacement of the MarshalJian partialequilibriμm tools of analysis (now to be found only in the old-fashioned textbooks) by the general-equilibrium analysis of Mill, Marshan and Edgeworth which culminated in the major work of Meade and others; and ii) the emergence of a creative and ingenious school of Japanese international trade theorists in the last decade (of which Negishi is one of the more eminent members) which has virtually shifted the center of gravity in trade-theoretic research from England and North America to east of Suez.
Disciplines
Economic Theory | International Economics | Law
Recommended Citation
Jagdish N. Bhagwati,
General Equilibrium Theory and International Trade,
11
Am. Econ. Rev.
573
(1973).
Available at:
https://scholarship.law.columbia.edu/faculty_scholarship/4049
Comments
General Equilibrium Theory and International Trade, by Takeshi Negishi, Studies in Mathematical and Manageral Economics, Volume 13, New York: American Elsevier; London and Amsterdam: North-Holland Publishing Company, 1972, pp. viii, 284, $20.00.
Copyright © 1973 by7the American Economic Association.