Black Hole Tariffs and Endogenous Policy Theory : Political Economy in General Equilibrium

Magee, Stephen P., Brock, William A., Young, Leslie

ISBN 10: 0521377005 / ISBN 13: 9780521377003

Published by Cambridge University Press, 1989

Pages intact with minimal writing/highlighting. The binding may be loose and creased. Dust jackets/supplements are not included. Stock photo provided. Product includes identifying sticker. Better World Books: Buy Books. Do Good. Seller Inventory # 17264006-6

Synopsis:

This book provides a special interest theory of protection.

Review: "This book takes a major step toward giving us a real understanding of why we observe restrictive protectionism despite the free-trade arguments advanced by economists for more than two centuries." James M. Buchanan

"Magee, Brock, and Young are the pioneers of modern political economy. Since the early 1970s their work has provided the theoretical microfoundations for the subject. This long-awaited book also demonstrates empirical tests of the theory. The Magee-Young theorem of increasing returns to the abundant factor will join the Rybczynski theorem as a core proposition in the theory of international trade." Robert E. Baldwin

"The best of all the 'rational choice' models of politics. The political science establishment should be mortified that it had to be written by economists." Thomas Ferguson

"Sixteen years have elapsed since Brock and Magee began their promising work on the theory of protection. Now they and Leslie Young have shown that our wait has been properly rewarded. Here is a wide-ranging and highly imaginative treatment of protectionism and the underlying theory of coalitions." George J. Stigler

Bibliographic Details

Title: Black Hole Tariffs and Endogenous Policy ...
Publisher: Cambridge University Press
Publication Date: 1989
Binding: Soft cover
Condition: Good