International economics / Herbert G. Grubel.

1. Introduction, 1 -- Part one. The pure theory of international trade, 11 -- 2. Gains from Trade in a Classical World, 11 -- 3. The Modern Theory of International Trade, 24 -- 4. Empirical Tests and Extensions of the Heckscher-Ohlin Model, 60 -- 5. Economic Growth and International Trade, 90 -- 6. Some Data on the Importance and Growth of World Trade, 120 -- Part two. Commercial policies, 135 -- 7. The Nature and Effects of Protection, 135 -- 8. Reasons for Tariff Protection, 155 -- 9. The History, Future, and Cost of Protection, 182 -- Part three. Foreign exchange markets and balance-of-payments statistics, 201 -- 10. The Foreign Exchange Markets, 201 -- 11. The Determinants of the Spot Exchange Rate, 215 -- 12. The Forward Exchange and Eurocurrency Markets, 247 -- 13. Balance-of-Payments Statistics and Postwar History, 275 -- Part four. The international adjustment mechanism, 303 -- 14. Overview of Adjustment Problems and International Monetary Systems and an Analysis of Adjustment through Exchange Rate Changes, 303 -- 15. Direct Controls on International Trade, 326 -- 16. Income Effects Combined with Exchange Rate Changes for Internal and External Balance, 336 -- 17. Adjustment with Money, Short-Term Capital Flows, and Speculation, 358 -- 18. Internal and External Balance through the Mix of Monetary and Fiscal Policy, 369 -- 19. The Monetarist Approach to Balance-of-Payments Adjustment, 391 -- 20. An Integrated View of the Adjustment Mechanism, 410 -- Part five. The international monetary system, 425 -- 21. The Gold Standard, 425 -- 22. Freely Floating Exchange Rates, 438 -- 23. The Gold Exchange Standard, 462 -- 24. An International Monetary System Based on Centrally Created Reserves, 485 -- Part six. International factor movements and the economics of integration, 521 -- 25. International Factor Movements: Motives and Welfare Effects, 521 -- 26. Some Special Problems Raised by International Factor Movements, 554 -- 27. Customs Unions and Monetary Integration, 582 -- Bibliography, 625 -- Index of Names and Authors, 645 -- Subject Index, 649.