First published in 1952, this work is a systematic exposition of Professor Meade’s geometric method, bringing together into a single coherent account the modern geometrical analysis of the theory of international trade. The work makes a number of original contributions, notably in the geometrical treatment of domestic production, of the balance of payments, and of import and export duties.
Table of Contents
1. The Assumptions 2. The Consumption-Indifference Map and the Trade-Indifference Map 3. The Free Trade Equilibrium with a Zero Balance of Trade 4. The Case of Constant Costs 5. The Case of Decreasing Costa 6. The Representation of Commercial Policy with a Zero Balance of Trade 7. A Balance of Trade Deficit and the Rate of Exchange in Conditions of Free Trade 8. The General Case 9. The Trade-Indifference Map and Economic Welfare
‘A skilful geometrical analysis of trade theory … Professor Meade has made this study to show how various trading situations between two countries may be geometrically represented in two dimensions with suggestions as to how the technique might be helpful in judging economic policy.’ – The Economist
‘A brilliantly lucid exposition of the use of a particular technique.’ – Economic Record