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"World-renowned economist Ronald W. Jones gets to the essence of international trade theory in this collection of articles that span over half a century of his published work. As the global economy has grown, so too has the need for a deeper rooted understanding of trade — and its assorted benefits. With clear, simplifying prose, Jones elucidates the Ricardian, Heckscher–Ohlin, and Specific-Factors models of general equilibrium theory. Jones' pioneering work anticipates, among other changes in our time, the creation of far-flung supply chains brought about by the falling costs of service links. The theoretical, technical, and historical insights in the text are peppered with personal notes that capture modern intellectual development in the field, providing a bedrock foundation in international trade for students and practitioners alike."--

Intro -- Title Page -- Copyright -- Contents -- Dedication -- ACKNOWLEDGEMENTS -- FOREWORD -- INTRODUCTION -- CHAPTER 1 A Professorial Appointment -- CHAPTER 2 The Evolution of a Misbelief -- CHAPTER 3 An Unnecessary Experiment -- CHAPTER 4 Expressions of Concern -- CHAPTER 5 Whitewash -- CHAPTER 6 Phoebe's Story -- CHAPTER 7 Nineteen Eighty-Four -- CHAPTER 8 Annus Horribilis -- CHAPTER 9 Irreconcilable Differences -- CHAPTER 10 Aftermath -- CHAPTER 11 Right or Wrong: Heal or Harm -- CHAPTER 12 Mabel's Story -- CHAPTER 13 A Profession Divided -- CHAPTER 14 Mea Culpa -- EPILOGUE -- POSTSCRIPT Revisionism and Denial -- APPENDIX Summary of main findings of the Cartwright Inquiry -- ENDNOTES -- BIBLIOGRAPHY -- PHOTOS -- INDEX.

AbstractThree standard models typically discussed in the theory of international trade are the Ricardian model, the Heckscher‐Ohlin model and the Specific‐Factors model. Models are often compared with each other, in an attempt to analyze which model is best or fits reality better. Instead, I suggest that these international trade models can often be blended to take account of finite changes when, as a country develops, the appropriate model to be used changes as the pattern of production changes. Trade allows countries to produce fewer commodities than it consumes, and which commodities are selected to be produced may change as the economy grows in the size of its endowment bundle and/or technology changes. At issue is not only the question of which commodities are produced, but also how many commodities are produced, especially with reference to the number of productive factors.

Abstract'Bubble' diagrams are quite useful in revealing some of the properties found in the competitive models of international trade. These diagrams use circles (bubbles) to indicate commodity outputs and connecting lines to indicate factor inputs. Models such as the 2 × 2 and n × n Heckscher–Ohlin models as well as the 3 × 2 (and extensions) specific factors model are discussed. For example, a model with some factor mobility between countries (say capital into a foreign enclave) is discussed for both model types. As well, close analogies are made to issues in labour economics in which both skilled and unskilled labour are used as inputs.

Employing Edward Shils' paradigm of center–periphery, the successful functioning of which produces high levels of civility in a society, an analysis of the aged and the young subsystems in the former Soviet Union and present–day Russia is provided. Specifically, the center–periphery relationship and its deterioration is traced up to and through the collapse of the former Soviet Union. The negative consequences of this deterioration for the young and old, and the resulting loss of civility are also documented.