When geometry emerged: some neglected early contributions to offer-curve analysis. From: Economic Quarterly | Date: March 22, 1995| Author: Humphrey, Thomas M. | COPYRIGHT 1995 Federal Reserve Bank of Richmond. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group.Copyright information

In his 1952 A Geometry of International Trade, Nobel Laureate James Meade presented the definitive modern version of the celebrated reciprocal-demand, or offer-curve, diagram of the trade theorist. The diagram features curves depicting alternative quantities of exports and imports countries are willing to trade at all possible prices [ILLUSTRATION FOR FIGURE 1 OMITTED].

Let two countries, home and foreign, trade two goods, x and y. Measure quantities of these goods along the...

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