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Johns Hopkins Suggested Reading Syllabus

Johns Hopkins. International Economics Reading List. Balassa, 1968

 

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.