Economics Of World Trade: Being The First Course In Foreign Trade (1916)

The book ""Economics Of World Trade: Being The First Course In Foreign Trade (1916)"" by O. P. Austin is a comprehensive guide to the principles of international trade. Published in 1916, the book covers various aspects of foreign trade such as the history of international commerce, the theory of comparative advantage, the role of tariffs and other trade barriers, and the impact of trade on economic development.The author, O. P. Austin, was a renowned economist and professor of economics at the University of Chicago. He draws on his extensive knowledge and experience to provide a thorough analysis of the global economic system and its impact on trade.The book is divided into several chapters, each of which covers a specific topic related to international trade. The first chapter provides an overview of the history of foreign trade, while subsequent chapters delve into the intricacies of trade theory, including the concepts of absolute and comparative advantage.The book also explores the role of government in regulating trade, including the use of tariffs and other trade barriers. Austin examines the impact of protectionism on international trade and economic development, and argues in favor of free trade as a means of promoting global prosperity.Overall, ""Economics Of World Trade: Being The First Course In Foreign Trade (1916)"" is a valuable resource for anyone interested in understanding the principles of international trade and its impact on the global economy. It remains a relevant and insightful work, even more than a century after its original publication.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.