Law Commons^™

Book Review. The Effectiveness Of International Decisions And Foreign Development Lending -- Legal Aspects, A. A. Fatouros

Articles by Maurer Faculty

No abstract provided.

Book Review. Massive Industrial Size, Classical Economics, And The Search For Humanistic Value, Joseph F. Brodley

Articles by Maurer Faculty

No abstract provided.

The Heckscher-Ohlin Theorem In The Multi-Commodity Case, Jagdish N. Bhagwati

Faculty Scholarship

Ronald Jones, in his seminal paper (1957) on Heckscher-Ohlin theory, has argued that, for the case of two countries, two factors, and several commodities, the Heckscher-Ohlin theorem would remain valid in the following weak sense: "Ordering the commodities with respect to the capital-labor ratios employed in production is to rank them in order of comparative advantage. Demand conditions merely determine the dividing line between exports and imports; it is not possible to break the chain of comparative advantage by exporting, say, the third and fifth commodities and importing the fourth when they are ranked by factor intensity" (p. 85).

It …

Does "Food For Peace" Assistance Damage The Bolivian Economy?, Melvin Burke

School of Economics Faculty Scholarship

Do commodity surplus shipments in fact "encourage economic development in the developing countries ... that are determined to improve their own agricultural production ... "?¹ Or conversely, is it true that "food aid is damaging to the countries which receive it, and they should be helped to increase the productivity of their own farmers"?² The former Bolivian Minister of Petroleum, Marcelo Quiroga, who was largely responsible for the nationalization of the Gulf Oil subsidiary in his country, apparently believes "Food for Peace" aid is damaging to the Bolivian economy.

Book Review. Foreign Investment: France -- A Case Study By Robert B. Dickie, A. A. Fatouros

Articles by Maurer Faculty

No abstract provided.

Standard Investment Agreement (Draft Translation), A. A. Fatouros

Articles by Maurer Faculty

No abstract provided.

Regards To A Friend, A. A. Fatouros

Articles by Maurer Faculty

No abstract provided.

The Computer And The Mud Hut: Notes On Multinational Enterprise In Developing Countries, A. A. Fatouros

Articles by Maurer Faculty

No abstract provided.

The Generality Of Neutral Principles: A Game-Theoretic Perspective, Robert L. Birmingham

Articles by Maurer Faculty

Eleven years ago Professor Wechsler first argued that constitutional adjudication should be based on neutral principles of general applicability that transcend the factual contexts of the cases in which they are announced. Since that time, legal scholars have been engaged in a continuing debate over both the meaning and the validity of Wechsler's thesis. Professor Birmingham adds a new perspective to this debate by analyzing neutrality and generality in terms of game theory.

The Theory Of Economic Policy And The Law Of Torts, Robert L. Birmingham

Articles by Maurer Faculty

No abstract provided.

Book Review. Foreign Investments And International Law By Georg Schwarzenberger, A. A. Fatouros

Articles by Maurer Faculty

No abstract provided.

Breach Of Contract, Damage Measures, And Economic Efficiency, Robert L. Birmingham

Articles by Maurer Faculty

No abstract provided.

Legal Remedies For Overurbanization: The Ghanaian Experience, Robert L. Birmingham, Carolyn S. Birmingham

Articles by Maurer Faculty

No abstract provided.

Optimal Policies And Immiserizing Growth, Jagdish N. Bhagwati

Faculty Scholarship

In 1958, I analysed the paradoxical case of "immiserizing growth" [2] where a country, with monopoly power in trade, found that the growth-induced deterioration in its terms of trade implied a sufficiently large loss of welfare to outweigh the primary gain from growth. An obvious corollary of this proposition was that, if the country imposed an optimum tariff (either in both the pre-growth and the post-growth situations, or in the latter situation alone), this paradox would be eliminated.

James Melvin, in an interesting note [5], has now produced yet another analysis of immiserizing growth, where demand differences of the factor-intensity-reversals …

Economic Integration In East Africa: Distribution Of Gains, Robert L. Birmingham

Articles by Maurer Faculty

No abstract provided.

A Second Look At The Suez Canal Cases: Excuse For Nonperformance Of Contractual Obligations In The Light Of Economic Theory, Robert L. Birmingham

Articles by Maurer Faculty

No abstract provided.

Domestic Distortions, Tariffs, And The Theory Of Optimum Subsidy: Some Further Results, Jagdish N. Bhagwati, V.K. Ramaswami, T.N. Srinivasan

Faculty Scholarship

Bhagwati and Ramaswami (1963) showed that if there is a distortion, the Paretian first-best policy is to intervene with a tax (subsidy) at the point at which the distortion occurs. Hence a domestic tax-cum-subsidy with respect to production would be first-best optimal when there was a domestic distortion (defined as the divergence between domestic prices and the marginal rate of transformation in domestic production) just as a tariff policy would be first-best optimal under monopoly power in trade (which involves a foreign distortion). An important corollary, for the case of a distortionary wage differential, is that while a tax-cum-subsidy policy …

Contributions To Indian Economic Analysis: A Survey, Jagdish N. Bhagwati, Sukhamoy Chakravarty

Faculty Scholarship

Any survey of contributions to economic analysis in India, even though confined to the post-war years and to issues arising from domestic economic events and policy, runs into exceptional difficulties. Not only has practically every conceivable problem been raised and discussed by economists, in a country where interest in economic issues dates back at least to the latter half of the 19th century; but there have also been numerous committees and commissions whose report have led to a voluminous literature.

Ruthless selectivity has thus been inevitable. We have generally focussed, in this survey, on contributions which meet the following criteria: …

Industrial Development Bonds And Economic Policy, Robert L. Birmingham

Articles by Maurer Faculty

No abstract provided.

More On The Equivalence Of Tariffs And Quotas, Jagdish N. Bhagwati

Faculty Scholarship

In an earlier paper on the equivalence of tariffs and quotas [1], I argued that this equivalence – defined such that a tariff would lead to a level of imports which, if alternatively set as a quota, would generate the same implicit tariff – followed from the assumptions of competitive domestic production, supply of imports, and holding of quotas. This universality of competitiveness sufficed to guarantee equivalence, as defined. It was further argued that a departure from these assumptions could, in general, destroy this equivalence and several such departures were analyzed: (1) perfect competition in domestic production replaced by pure …

Establishment Of Bargaining Rights Without An Nlrb Election, Howard Lesnick

All Faculty Scholarship

No abstract provided.

Oligopoly Power Under The Sherman And Clayton Acts -- From Economic Theory To Legal Policy, Joseph F. Brodley

Articles by Maurer Faculty

No abstract provided.

Non-Economic Objectives And The Efficiency Properties Of Trade, Jagdish N. Bhagwati

Faculty Scholarship

It is well known (Kemp, 1962; Samuelson, 1962; Bhagwati, forthcoming) that, for a country with no monopoly power in trade (or domestic distortions), free trade (in the sense of a policy resulting in the equalization of domestic and foreign prices and hence excluding trade, production and consumption taxes, subsidies, and quantitative restrictions) is the optimal policy. It follows, therefore, that free trade is superior to no trade.

It has also been argued recently (Kemp, 1962), that, even in the case where there is monopoly power in trade, so that both no trade and free trade are suboptimal policies, it is …

State-Court Injunctions And The Federal Common Law Of Labor Contracts: Beyond Norris-Laguardia, Howard Lesnick

All Faculty Scholarship

No abstract provided.

Book Review. The Springtime Of Freedom By William Mccord, William Burnett Harvey

Articles by Maurer Faculty

No abstract provided.

Comments On International Law And Economic Development, A. A. Fatouros

Articles by Maurer Faculty

No abstract provided.

Integration And Economic Development, Robert L. Birmingham

Articles by Maurer Faculty

In this paper I shall attempt to evaluate the potential impact of economic association among underdeveloped countries. Attention is centered on gain achievable by participating states as a group: world welfare alteration appears devoid of normative implication to the national decision maker, while questions of internal distribution of union benefit are too complex for summary treatment. Conclusions of amalgamation efficacy rest jointly on abstract analysis and deduction from empirical economic parameters; discussion of trade and development theory is extended beyond that logically necessary for argument coherence to provide a brief introduction to relevant recent thought.

Book Review. Les Nouveaux États Dans Les Relations Internationales Edited By J. B. Duroselle And J. Meyriat, A. A. Fatouros

Articles by Maurer Faculty

No abstract provided.

International Law And The Third World, A. A. Fatouros

Articles by Maurer Faculty

After a detailed examination of the unique position of the emerging nations, the "third 'world," Professor Fatouros urges that the Western nations should ndertake a change in approach and a reassessment of the objectives of international law since the present situation of international society is so dissimilar to that in which the law evolved. He concludes that special, new rules should be formulated, based on a broad and positive consideration of the urgent need of the emerging nations to develop their natural resources as effectively and as rapidly as possible-a need 'which international law must take into account if it …

An Historical And Critical Analysis Of Interpleader, Geoffrey C. Hazard Jr., Myron Moskovitz

All Faculty Scholarship

No abstract provided.