John Gilbert

Edward Tower

This volume provides a practical guide to building and using simulation models for international trade theory and policy. Through a sequence of carefully constructed and fully documented programs, the volume illustrates how numerical simulation can be used to analyze a wide array of problems. Modern computable general equilibrium (CGE) models for trade policy are challenging in their complexity, but can be thought of as constructions of much simpler building blocks. By developing the building blocks in a consistent manner, and gradually putting them together in more complex and interesting ways, the volume makes CGE accessible to anyone with a background in microeconomics/trade theory. The volume will be useful to graduate students and researchers in international trade looking for a detailed guide to building simulation models and to developing the skill set necessary to enter into the world of CGE modeling.

Introduction to Numerical Simulation for Trade Theory and Policy

Richard J Sweeney

Thomas D Willett

Richard Burdekin

Paul Samuelson judges that Gottfried Haberler's work “should qualify him for about two-and-a-half Nobel Prizes in economics—one for his quantum improvement in trade theory beyond Ricardo's paradigm of labor's comparative advantage, one for his definitive synthesis of business cycle theory, and beyond these his policy wisdom over a period of six decades.” It is Haberler's “policy wisdom” that serves as the basis for this comprehensive collection of the eminent economist's work.Throughout the book, Haberler's contributions demonstrate the clarity of his analyses for exploring the complex economics of policy issues and for identifying key governmental responses to problems of unemployment, trade, and development. Presenting Haberler as the eclectic economist he is, the editors show that far from being an ideologue, Haberler is an economist who uses whatever approaches and theories are appropriate for the problems he considers. The portrait that emerges is one of a multifaceted thinker, able to choose freely among competing theories and to effectively apply them to complex and demanding policy issues.

Edward Tower

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