Synopses & Reviews
Political Economy and International Economics is the fifth volume of collected essays by the noted economist Jagdish Bhagwati. Following Essays in International Economic Theory (edited by Robert Feenstra) and Essays in Development Economics (edited by Gene Grossman), it reflects Bhagwati's wide range of interests and his rare ability to combine economic theory and political analysis.Many of Bhagwati's writings provide fresh insights into old problems, from the theory of commercial policy, to foreign investment and labor migration; others open up new areas such as services to analysis. Recent work on the theory of political economy, including DUP (directly unproductive profit-seeking) activities and quid pro quo direct investment, breaks new ground. Also included are a number of previously inaccessible lectures covering such important issues as poverty and public policy. Cutting across several fields of economics, including public finance and development, these provide masterly syntheses and overviews of broader issues.Jagdish Bhagwati is Arthur Lehman Professor of Economics and Professor of Economics at Columbia University. He is the founding editor of the new journal Economics and Politics. Douglas A. Irwin is an economist with the Board of Governors of the Federal Reserve System.
Review
"To derive a quick, but authoritative, grasp of what is new and important in the fast-moving field of international economics and policy, I know of no better book than this collection of Jagdish Bhagwati's recent works. Read; enjoy; and keep this on your shelf for frequent reference."
—Paul A. Samuelson
Synopsis
Political Economy and International Economics is the fifth volume of collected essays by the noted economist Jagdish Bhagwati.
Description
Includes bibliographical references and indexes.
About the Author
Jagdish Bhagwati is University Professor at Columbia University and External Advisor to the Director General, World Trade Organization and Senior Fellow for International Economics with the Council on Foreign Relations. He was named Distinguished Fellow of the American Economic Association in 2003.Douglas A. Irwin is Professor of Economics at Dartmouth College. He is the author of Free Trade under Fire, Peddling Protectionism: Smoot-Hawley and the Great Depression, and other books.