Synopsis This book is a historical examination of the theory of International Trade and Monetary Economy since the World War I. This study also focuses on the application of international trade theory, general value theory and monetary theory to a special case in which the micro-economic decision units are grouped into subunits of the macro-economy differentiated from one another in certain problems. Whoever needs to understand the complex situation of political economy and particularly international trade and monetary economy will find this book to be an invaluable source of analytical information.