Murray C. Kemp is one of Australia's foremost ecomists. He has held positions across the world including London School of Ecomics, U.C. Berkeley, Columbia University, McGill University, MIT, and latterly Macquarie University. Kemp was a Member of Council for the Ecometric Society and was a Distinguished Fellow of the Ecomics Society of Australia. He has served as President of the International Ecomics and Finance Society. In 1987 he was awarded the Humboldt Foundation Prize. This book brings together several essays on the current state of the theory of international trade. As the book's title suggests, the essays are critical of several major components of the existing theory; thus, the Ricardian principle of comparative advantage, the ancient and widely accepted belief that international free trade is potentially beneficial for all countries, and the more recently developed rmative analysis of international transfers (foreign aid, war indemnities) are shown to be seriously defective.
Murray C. Kemp is Emeritus Professor at the University of New South Wales in Sydney and has previously served as President of the International Economics and Finance Society.
Taylor & Francis Ltd
Date of Publication
Economics: Professional & General
Place of Publication
Country of Publication
89 black & white illustrations, 89 black & white line drawings