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.

First published in 1960, this seminal work illuminates the interrelations of the various approaches to the theory of economic growth. Professor Meade seeks to understand the factors which determine the speed of economic growth and outlines the ways in which classical economic analysis may be...