Aspects of the Theory of Tariffs (Collected Works of Harry Johnson) [Hardcover]

An internationally acknowledged authority on all aspects of the theory of international trade and payments, this book collects Harry Johnsons contributions to the study of international trade, including a critique of the theory of effective protection. The book discusses:

• the integration of income distribution and other aspects of the economy into the positive theory of tariffs
• the issues raised by the use of tariffs to promote economic development
• the implications of distortions of various kinds in the working of competition for tariff theory and policy
• the costs of protection 
• the implications of effective protection for world economic development and the economic effects of trade preferences
• the question of free trade and the extent to which it requires the harmonization other aspects of economic policy.

Introduction Part 1: The Positive Theory of Tariffs 1. International Trade, Income Distribution, the Offer Curve, and the Effects of Tariffs. Appendix: An Alternative Derivation of the Transformation Curve and Income Distribution Function 2. A Generalized Theory of the Effects of Tariffs on the Terms of Trade (with Jagdish Bhagwati) 3. Tariffs and Economic Development: Some Theoretical Issues Part 2: Tariffs and Distortions4. Optimal Trade Intervention In the Presence of Domestic Distortions 5. Factor Market Distortions and the Shape of the Transformation Curve 6. The Gain from Exploiting Monopoly or Monopsony Power in International Trade 7. Two Notes on Tariffs, Distortions, and Growth Part 3: The Cost of Protection 8. The Cost of Protection and the Scientific Tariff 9. The Costs of Protection and Self-Sufficiency 10. An Economic Theory of Protectionism, Tariff Bargaining, and the Formation of Customs Unions Appendix: The Limits of Non-Discriminatory Reciprocal Tariff Reductil%