I. The assumptions -- II. The consumption-indifference map and the trade-indifference map -- III. The free trade equilibrium with a zero balance of trade -- IV. The case of constant costs -- V. The case of decreasing costs -- VI. The representation of commercial policy with a zero balance of...

I. Economic efficiency and distributional justice -- II. The present position in the developed countries -- III. The trade union state -- IV. The welfare state -- V. A property-owning democracy -- VI. A socialist state -- VII. Conclusion.

Recommended readings (Machine generated): Bertil Ohlin (1937a), 'Some Notes on the Stockholm Theory of Savings and Investment I', Economic Journal, XLVII (185), March, 53-69 -- Bertil Ohlin (1937b), 'Some Notes on the Stockholm Theory of Savings and Investment II', Economic Journal, XLVII (186),...

This book reviews James Meade's prolific contribution to economics and its lasting impact. Few economists have written so much and on so many different topics. Meade was awarded the Nobel Prize in Economics in 1977 (jointly with Bertil Ohlin) for his contribution to international economics, but...

This paper considers fiscal and monetary policy in a short-run static macroeconomic model. There are two objectives, control of inflation and control over the growth of national wealth, and a third outcome of importance, a high level of employment. There are two instruments, monetary policy (the...