New Directions in Trade Theory

Alan V. Deardorff, James A. Levinsohn, and Robert M. Stern, Editors
Develops ideas and offers new approaches to the topic of trade theory.


Leading specialists in international trade theory were asked to write on a new and different topic. Some responded by developing an idea that they had toyed with but never quite put together. Others offered a new and distinctive approach to an established topic. To respond to these adventurous and pioneering pieces, other eminent trade theorists prepared comments on each of the individual papers. Paul A. Samuelson wrote a keynote for the volume reflecting on the past and looking to the future of international trade theory.

These articles and comments will be looked upon in future years as having altered the course of international trade theory in a variety of new and important ways.

Contributors are Mark B. Cronashaw, Wilfred Ethier, Gene Grossman, Elhanan Helpman, Ronald W. Jones, Kala Krishna, Anne O Krueger, Paul R. Krugman, James R. Markusen, Michihiro Ohyama, Dani Rodrik, Paul A. Samuelson, and Robert W. Staiger.

Commentators are Robert E. Baldwin, Lael Brainard, W. Max Corden, Donald Davis, Avinash Dixit, Robert Feenstra, Kiminori Matsuyama, James Rauch, J. David Richardson, Alasdair Smith, Barbara Spencer, T.N. Srinivasan, M. Scott Taylor, and Marie Thursby.

A volume in the Studies in International Trade Policy series.

Alan V. Deardorff is Professor of Economics and Public Policy and Chair of the Department of Economics; James A. Levinsohn is Associate Professor of Economics; and Robert M. Stern is Professor of Economics and Public Policy, University of Michigan.

Praise / Awards

  • ". . . there is much to admire in this volume. The papers introduce new concepts and tackle important issues in a stimulating and lively manner. The volume clearly shows that the days of comparative static analysis are well behind us and that the future, for better or worse, is about dynamics, endogenising policy, and modeling the interactions of economic agents, governments, and countries."
    --Economic Journal

Product Details

  • 6 x 9.
  • 424pp.
  • figures, tables.
Available for sale worldwide

  • Hardcover
  • 1995
  • Available
  • 978-0-472-10562-5

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  • $99.95 U.S.