<p>An internationally acknowledged authority on all aspects of the theory of international trade and payments this book collects Harry Johnson’s contributions to the study of international trade including a critique of the theory of effective protection. The book discusses: </p><ul> <li>the integration of income distribution and other aspects of the economy into the positive theory of tariffs</li> <li>the issues raised by the use of tariffs to promote economic development</li> <li>the implications of distortions of various kinds in the working of competition for tariff theory and policy</li> <li>the costs of protection </li> <li>the implications of effective protection for world economic development and the economic effects of trade preferences</li> <li>the question of free trade and the extent to which it requires the harmonization other aspects of economic policy. </li> </ul>
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