A History of Thought on Economic Integration by Fritz Machlup (auth.)

By Fritz Machlup (auth.)

Show description

Read or Download A History of Thought on Economic Integration PDF

Similar political economy books

The Political Economy and Media Coverage of the European Economic Crisis: The Case of Ireland

The ecu fiscal quandary has been ongoing because 2008 and whereas austerity has unfold over the continent is has didn't revive economies. The media have performed a major ideological function in providing the guidelines of financial and political elites in a beneficial mild, no matter if the latter s target has been to shift the weight of adjustment onto electorate.

Hayek and Natural Law (Routledge Frontiers of Political Economy)

Supplying an intensive new examining of Hayek's lifestyles and paintings, this new booklet, via a major Hayekian pupil, dispels the various mysteries surrounding the most favorite economists and political philosophers of the 20 th century. Angner argues that Hayek's paintings may be noticeable as non-stop with the typical legislation culture, occurring to investigate the reaction to his paintings and clarify why a few have stumbled on his principles so appealing and why others have chanced on them so unpersuasive.

The Child in International Political Economy: A Place at the Table

This pioneering quantity argues for the inclusion of youngsters, and the constitution referred to as ‘childhood’, as an everlasting social type important of persevered learn in the self-discipline of overseas political economic system (IPE). essentially, and intensely easily, IPE is worried with the dynamics of interplay around the monetary and political domain names; the connection among the family and the overseas degrees of research, and the function of the country.

Extra info for A History of Thought on Economic Integration

Sample text

In the history of the idea of economic integration not much has been written on public or collective goods in an explicit fashion, except when some arguments against free trade, and in favour of protection of domestic production, were made with reference to collective objectives such as military preparedness for the next war (to secure an ample supply of soldiers from a robust rural population and of arms from a strong defence industry). The overwhelming part of the literature, when the cases for national, regional, or global integration were argued, focused on short- and long-run economic efficiency in the production of ordinary (that is, private) goods and services as the major objective - and I cannot help thinking that the conventional writers' judgement in choosing this focus was sound.

7, pp. 534-41. , 1961) p. 84. 34 A History of Thought on Economic Integration stress this pair of antonyms. The second sense has been more customary. THE INCLUSION OF PUBLIC GOODS Definitions of integration that stress the opportunities for division of labour in the production of goods and services are likely to focus on economic criteria and to leave political and other aspects aside. A disregard of political concerns disturbs those who like to integrate all social sciences into a unified science of society.

This prescription would be fine if the countries were prepared to give up their autonomy over credit policy. Fixed exchange rates were possible 22 A History of Thought on Economic Integration as long as governments did not pursue monetary policies designed to aim at other targets, such as maintaining full employment, accelerating economic growth, counteracting fluctuations in business activity, or keeping price levels more stable than they are abroad. With other targets proclaimed as national goals to be attained or aided by monetary policy, a system of fixed exchange rates became inoperable.

Download PDF sample

Rated 4.53 of 5 – based on 12 votes

admin