The content of the course titled “International Economics” taught by Bela Balassa at Johns Hopkins University in 1968 was actually limited to pure trade theory, commercial policy and economic integration. The reading list for Balassa’s other course at Johns Hopkins University, “Trade and Economic Development“, was posted earlier.
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Department of Economics
International Economics 641
Fall, 1968
Dr. Balassa
Bibliography and Reading List
Abbreviations of Books
Books are referred to by authors unless otherwise noted.
RIT, Readings in International Economics
RTIT, Readings in the Theory of International Trade
Balassa, B., The Theory of Economic Integration
Baldwin et al, Trade, Growth and the Balance of Payments
Caves, R., Trade and Economic Structure
Haberler, G., The Theory of International Trade
Johnson, H.G., International Trade and Economic Growth
Linder, S.B., An Essay on Trade and Transformation
Marshall, Money, Credit, and Commerce
Meade, J. E., Trade and Commerce
_________, A Geometry of International Trade
Mill, J. S., Principles of Political Economy
Ohlin, B., Interregional and International Trade
Ricardo, D., The Principles of Political Economy
Scitovsky, T., Economic Theory and Western European Integration
Travis, W.P., The Theory of Trade and Protections
Vanke, J., International Trade: Theory and Economic Policy
Viner, J., I, Studies in the Theory of International Trade
_________ II, The Customs Union Issue
Abbreviations of Periodicals
AER, American Economic Review
BOUIS, Bulletin of Oxford University Institute of Statistics
Econ., Economica
EI, Economia Internazionale
EJ, Economic Journal
ER, Economic Record
IEP, International. Economic Papers
JPE, Journal of Political Economy
Ky, Kyklos
OEP, Oxford Economic Papers
QJE, Quarterly Journal of Economics
RES, Review of Economics and Statistics
RESt, Review of Economic Studies
WA, Weltwirtschaftliches Archiv
NOTE: The non-starred items are assigned, the starred ones recommended .
General Surveys
Haberler, G., A Survey of International Trade Theory, Special Papers in International Economics, No. 1, Princeton University, Princeton, New Jersey
Corden, W.M., Recent Developments in the Theory of International Trade, ibid., No. 7
Bhagwati, J., “The Pure Theory of International Trade,” Economic Journal, March, 1964
Chipman, J.S., “A Survey of the Theory of International Trade,” Econometrica, July, October,1965, January, 1966
Caves, R.E., Trade and Economic Structure
Kemp, M.C., The Pure Theory of International Trade
I. The Classical Theory of International Trade
Ricardo, ch. 7
Mill, Book III, ch. 17, 18, 25
Marshall, Appendix J.
Haberler, ch. IX-XII
Viner, I, ch. VIII
*Mynt, H., “The Classical Theory of International Trade and the Underdeveloped Countries,” EJ, June, 1958.
*Vanek, J., “An Afterthought on the ‘Real Cost-Opportunity Cost’ Dispute and some Aspects of General Equilibrium Under Conditions of Variable Factor Supplies,” RESt, June, 1959.
*Walsh, V.C., “Leisure and International Trade,” Econ., August, 1959
II. Criticisms and Extensions of the Classical Theory
Williams, J.H., “The Theory of International Trade Reconsidered,” RTIT, ch. 12
Graham, F.D., “The Theory of International Values Re-Examined,” RTIT, ch. 14
Whitin, T.M., “Classical Theory, Graham’s Theory, and Linear Programming in International Trade,” QJE, November, 1953.
Ohlin, ch. I-VI, Appendix III.
Robinson, R., “Factor Proportions and Comparative Advantage,” RIT, ch. 1
Kenen, P.B., “Nature, Capital, and Trade,” JPE, October, 1965
*Metzler, L., “Professor Graham’s Theory of International Values,” AER, June, 1950
*Posner, M.V., “International Trade and Technical Change,” OEP, October, 1961
*Becker, G.S., “A Note on Multi-Country Trade,” AER, September, 1952.
*Kravis, I.B., “Availability and Other Influences on the Commodity Composition of Trade,” JPE, April, 1956
*Michaely, M., “Factor Proportions in International Trade: Current State of the Theory, ” Ky, 1964 (4)
III. Comparative Costs and International Trade: Further Developments
Leontief, W., “The Use of Indifference Curves in the Analysis of Foreign Trade,” RTIT, ch. 10
Samuelson, P., “Social Indifference Curves,” QJE, February, 1956
Haberler, G., “Some Problems in the Pure Theory of International Trade,” RIT, ch.13
Isard, W., and M.J. Peck, “Location Theory and International and Interregional Trade,” QJE, February, 1954
Linder, ch. 3
Balassa, B., “Tariff Reductions and Trade in Manufactures Among Industrial Countries,” AER, June, 1966
*Lösch, A., “A New Theory of International Trade,” IEP, Vol. 6
*Posner, M.V., “International Trade and Technical Change,” OEP, October, 1961
*Grubel, H.G., “Intra-Industry Specialization and the Pattern of Trade,” CJEPS, August, 1967
*Matthews, R.C.O., “Reciprocal Demand and Increasing Returns,” RESt (1949- 50)
*Vanek, ch. XII-XIV
*Ohlin, ch. X-XII
*Meade, II, ch. I-III
IV. Comparative Cost Theory: Empirical Verification
Leontief, W., “Domestic Production and Foreign Trade,” RIT, ch. 30 and RES, November, 1956
Vanek, J., “The Natural Resource Content of Foreign Trade, 1870-1955, and the Relative Abundance of Natural Resources in the United States,” RES, May, 1959
Keesing, D.B., “Labor Skills and International Trade,” RES, August, 1965
Gruber, W., Mehta, D., and Vernon, R., “The R & D Factor in International Trade and International Investment of United States Industries,” JPE, February, 1967
MacDougall, G., “British and American Exports: A Study Suggested by the Theory of Comparative Costs,” EJ, December, 1951
Balassa, B., “An Empirical Demonstration of Comparative Cost Theory,” RES, August, 1963
*Comments on the Leontief-Paradox:
Ellsworth, RES, August, 1954
Swerling, RES, August, 1954
Valavanis-Vail, JPE, December, 1954
Buchanan, EI, November, 1955
Valavanis, Robinson, Elliott, Vaccale, Leontief, RES, February, 1958
Kreinin, AER, March, 1965
*Minhas, B.S., An International Comparison of Factor Costs and Factor Use.
*Moroney, J.R., and Walker, J.M., “A Regional Test of the Heckscher-Ohlin Hypothesis,” JPE, December, 1966
V. Factor-Price Equalization and Income Distribution
Heckscher, E., “The Effect of Foreign Trade on the Distribution of Income,” RTIT, ch. 13
Samuelson, P., “International Factor Price Equalization Once Again,” RIT, ch. 3
Johnson, H.G., “Factor Endowments, International Trade and Factor Prices,” in Johnson, ch. 1 and RIT, ch. 5
Balassa, B., “The Factor-Price Equalization Controversy,” WA, Vol. 87, No. 1 (1961)
Rybczynski, T.M., “Factor Endowments and Relative Commodity Prices,” RIT, ch. 4
Stolper, W., and Samuelson, P., “Protection and Real Wages” RTIT, ch. 15
*Lancaster, K., “Protection and Real Wages: A Restatement,” EJ, June, 1967
*Bhagwati, J., “Protection, Real Wages and Real Income,” EJ, December, 1959
*Pierce, I., McKenzie, L.W., and Samuelson, P., “More About Factor Price Equalization,” IER, October, 1967
*Samuelson. P., “Equalization by Trade of the Interest Rate Along With the Real Wage,” in Baldwin, pp. 35-52
*Jones, R.W., “The Structure of Simple General Equilibrium Models,” JPE, December, 1965
*Minabe, N., “The Stolper-Samuelson Theorem, the Rybczynski Effect, and the Heckscher-Ohlin Theory of Trade Pattern and Factor Price Equalization,” CJEPS, August, 1967
Travis, ch. II, III
VI. Gains from Trade
Viner, J, ch. IX (up to p. 565)
Samuelson, P., “The Gains from International Trade,” RTIT, ch. 2
Samuelson, P., “The Gains from International Trade Once Again,” EJ, December, 1962
Meade, I , ch. IX
Baldwin, R.E., “The New Welfare Economics and Gains in International Trade,” RIT, ch. 12
*Giersch, H., “The Trade Optimum,” IEP, Vol. 7
*Kenen, D.B., “On the Geometry of Welfare Economics,” QJE, August, 1957
*Kemp, M.C., “The Gains from International Trade,” December, 1962
*Vanek, ch. XV
VII. The Theory of Tariffs
Scitovsky, T., “A Reconsideration of the Theory of Tariffs,” RTIT, ch. 16
Metzler, L.A., “Tariffs, International Demand, and Domestic Prices” RIT, ch. 2
Johnson, “Optimum Tariffs and Retaliation,” in Johnson, ch. II
_________, “The Cost of Protection and the Scientific Tariff,” JPE, August, 1960
Balassa, B., “Tariff Protection in Industrial Countries : An Evaluation,” RIT, ch. 3
Corden, W.M., “The Structure of the Tariff System and the Effective Protective Rate,” JPE, June, 1966
*Meade II, ch. VI
*Vanek, ch. XVI
*Lerner, A.P., “The Symmetry Between Import and Export Taxes,” RIT, ch. 11
*Fleming, J.M., “The Optimal Tariff from an International Point of View,” RES, February, 1956
*Baldwin, R.E., “The Effect of Tariffs on International and Domestic Prices,” QJE, February, 1960
*Johnson, H.G., “A Model of Protection and the Exchange Rate,” RESt, Vol XXXIII No. 2
*Bhagwati, J., “On the Equivalence of Tariffs and Quotas,” in Baldwin, pp. 53-67
VIII. Trade and Factor Movements
Mundell, R.A., “International Trade and Factor Mobility,” RIT, ch. 7
McDougall, G.D.A., “The Benefits· and Costs of Private Investment from Abroad: A Theoretical Approach,” RIT, ch. 10
Corden, W.M., “Protection and Foreign Investment,” ER, May, 1967
Vernon, R., “International Investment and International Trade in the Product Cycle,” QJE, May 1966
Johnson, H.G., Comparative Cost and Commercial Policy Theory in a Developing World Economy (Stockholm, Alqvist and Wiksell, 1968)
Jones, R. W., “International Capital Movement and the Theory of Tariffs and Trade,” QJE, February, 1967
*Olivera, J.H.G., “Is Free Trade a Perfect Substitute for Factor Mobility?”, EJ, March, 1967
*Corden, W.M., “The Economic Limits of Population Increase,” ER, November, 1955
*Jasay, A.E., “The Social Choice between Home and Overseas Investment,” EJ, March, 1960
*Frankel, M., “Home vs. Foreign Investment,” BOUIS, August, 1960.
*Penrose, E., “Foreign Investment and the Growth of the Firm,” EJ, June, 1956
*Kemp, M.C., “Foreign Investment and National Advantage,” ER, March, 1962
IX. Economic Integration
Viner, II, ch. I-IV, VII
Balassa, B., ch. 1-12
Scitovsky, ch. I, III
Lipsey, R.G., “The Theory of Customs Unions: A General Survey,” EJ, September·, 1960
Spraos, “The Conditions for a Trade Creating Customs Union,” EJ, March, 1964;
Mishan, “Comment,” March, 1965; Spraos, “Rejoinder,” September, 1965
Johnson, H.G., “An Economic Theory of Protectionism, Tariff Bargaining, and the Formation of Customs Unions,” JPE, June, 1965
Balassa, B., “Trade Creation and Trade Diversion in the European Common Market,” EJ, March, 1967
*Lipsey, R.G. and Lancaster, K., “The General Theory of the Second Best,” RESt, 1956-57 (1)
*Dosser, D., “Welfare Effects of Tax Unions,” RESt, June, 1964
*Meade, J.E., The Theory of Customs Unions
*Cooper, C.A., and Massell, B.V., “A New Look at Customs Union Theory,” December, 1965
*Michaely, M., “On Customs Unions and the Gains from Trade,” EJ, September, 1965
*Flanders, June, “Measuring Protectionism and Predicting Trade Diversion,” JPE, April, 1965
*Krause, L.B., The Meaning of European Economic Integration for the United States, Ch. 2-3
Source: Johns Hopkins University. Eisenhower Library, Ferdinand Hamburger, Jr. Archives, Department of Political Economy. Series 5/6. Box 6/1, Folder “Course Outlines and Reading Lists c. 1900, c. 1950, 1963-68”.
Image Source: Portrait of Bela Balassa in the Johns Hopkins University Yearbook, Hullabaloo 1976. Note that the image posted on the Béla Belassa page at the website Alchetron mistakenly uses a photo of Balassa Sándor Erkel Ferenc.