"TRANSFORMED INTERNATIONAL TRADE THEORY" - THE DIXIT-STIGLITZ MODEL

STIGLITZ, J. E. (+) A. K. DIXIT.

Monopolistic Competition and Optimum Product Diversity

Nashville, American Economic Association, 1977. Lex8vo. In the original printed wrappers. In "The American Economic Review, June 1977". Entire issue offered. A very fine and clean copy. Pp. 297-308. [Entire volume: Pp. (4), 261-535, (25)].

First printing of this groundbraking paper in which the Dixit-Stiglitz model was presented for the first time. The famous and exceedingly influential model of monopolistic competition: "transformed international trade theory, as it did other fields of economics, and provided one of the key building blocks for the new economic geography literature that developed in the 1990s." (Venables, Inequalities in Developing Countries).

Joseph Eugene Stiglitz an American economist and a professor at Columbia University, recipient of the Nobel Memorial Prize in Economic Sciences in 2001), former Senior Vice President and Chief Economist of the World Bank. He is known for his critical view of the management ofglobalization, free-market economists, whom he calls "free market fundamentalists", and some international institutions like theInternational Monetary Fund and the World Bank. Stiglitz is one of the most frequently cited economists in the world. Stiglitz has to a large extent been influenced Keynes and has himself influenced famous and influential economist such as Paul Krugman, Jason Furman and Stephany Griffith-Jones.

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