The political economy of trade policy : papers in honor of Jagdish Bhagwati / edited by Robert C. Feenstra, Gene M. Grossman, Douglas A. Irwin.

Includes bibliographical references and index.

1. The Generalized Theory of Distortions and Welfare Two Decades Later / T. N. Srinivasan -- 2. The Age of Bhagwati and others / Paul A. Samuelson -- 3. Domestic Distortions and the Deindustrialization Hypothesis / Paul Krugman -- 4. Industry or Class Cleavages over Trade Policy? Evidence from the British General Election of 1923 / Douglas A. Irwin -- 5. Liberalizing Multinational Investment: The Stolper-Samuelson Question Revisited / Richard A. Brecher and Ehsan U. Choudhri -- 6. Foreign Investment, Outsourcing, and Relative Wages / Robert C. Feenstra and Gordon H. Hanson -- 7. Pure and Mixed Price and Income Compensation Schemes: Breaking Political Roadblocks to Trade Reform / Earl L. Grinols -- 8. The Political Economy of Trade Policy: Integrating the Perspectives of Economists and Political Scientists / Robert E. Baldwin -- 9. On the Political Economy of Trade: Notes of a Social Insurance Analyst / Peter Diamond --

10. Foreign Investment with Endogenous Protection / Gene M. Grossman and Elhanan Helpman -- 11. The Tax Treatment of Imperfectly Mobile Firms: Rent-Seeking, Rent-Protection, and Rent-Destruction / John Douglas Wilson -- 12. Endogenous Trade Restrictions and Domestic Political Pressure / B. Peter Rosendorff -- 13. A Political-Economy Analysis of Free-Trade Areas and Customs Unions / Arvind Panagariya and Ronald Findlay.

This collection of papers by colleagues and former students celebrates the profound impact that Jagdish Bhagwati has had on the field of international economics over the past three decades. Bhagwati, who is the Arthur Lehman Professor of Economics at Columbia University, has made pathbreaking contributions to the theory of international trade and commercial policy, including immiserizing growth, domestic distortions, economic development, and political economy.

His success and influence as a teacher and mentor is widely recognized among students at both MIT and Columbia, and as founder of the Journal of International Economics, he has encouraged research on many questions of theoretical and policy relevance. The political economy of trade policy, Bhagwati's most recent area of interest, is the theme of this collection, which addresses salient topics including market distortions, income distribution, and the political process of policy-making.