International Trade Theory

Robert Mundell“His Pure Theory of International Trade was, it would appear, the first comprehensive formal statement of pure trade theory.”
Rudy Dornbush

This international trade model, owing its origin to the classical school, can be applied to determine the exact effects on international equilibrium of unilateral transfers, productivity changes, export and import taxes, and production and consumption taxes.

Many of the conclusion are already known, but it is believed that the methods employed will help simplify the techniques used in this branch of international trade theory, and that the results will provide a convenient survey of the subject.

Robert Mundell
Pure Theory of International Trade

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