An Historical Perspective
Copyright: Christopher Butt Jagdish Bhagwati was born in 1934 in India. In 1956 he graduated from Cambridge University with first-class honours in the Economics Tripos. After leaving Cambridge Professor Bhagwati studied at MIT and Oxford before returning to India in 1961. From 1961 to 1968 he was Professor of Economics at the Indian Statistical Institute and the Professor of International Trade at the Delhi School of Economics. In 1967 he was awarded his PhD from MIT where, in 1968, he returned to become the Ford International Professor of Economics. After 12 years at MIT he moved to Columbia University in 1980 where he is currently the Arthur Lehman Professor of Economics and Professor of Political Science, and University Professor. Professor Bhagwati is widely recognised as one of the world’s leading trade theorists and has made major contributions to trade theory and policy, economic development theory and policy, public finance and the new theory of political economy. He is also a regular contributor and commentator on current affairs in the Wall Street Journal, New York Times and Financial Times. Among Professor Bhagwati’s numerous (over two hundred) published articles his best known include: ‘International trade and economic expansion’, American Economic Review (1958); ‘Immiserizing growth: A geometric note’, Review of Economic Studies (June, 1958); ‘A generalised theory of the effects of tariffs on the terms of trade’ (with H.G. Johnson), Oxford Economic Papers (October, 1961); ‘Domestic distortions, 216 Jagdish Bhagwati 217 tariffs and the theory of optimum subsidy’ (with V.K. Ramaswami), Journal of...
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