America and the World Political Economy: Atlantic Dreams and National Realities |
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Page 20
... Ricardo ( 1772-1823 ) . Even more than Smith , Ricardo set the frame for modern economic theory - not only of liberal - capi- talist persuasion , but of Marxist as well . Ricardo built his economic system on the concepts of comparative ...
... Ricardo ( 1772-1823 ) . Even more than Smith , Ricardo set the frame for modern economic theory - not only of liberal - capi- talist persuasion , but of Marxist as well . Ricardo built his economic system on the concepts of comparative ...
Page 21
... Ricardo's desperation stemmed not only from Malthus ' studies on population , but also from his own principle of dimin- ishing returns . The ever - rising demand for goods , Ricardo be- lieved , led to heavier and heavier investment ...
... Ricardo's desperation stemmed not only from Malthus ' studies on population , but also from his own principle of dimin- ishing returns . The ever - rising demand for goods , Ricardo be- lieved , led to heavier and heavier investment ...
Page 34
... Ricardo's day . For the very Ricardian laws of comparative advantage and diminishing returns , which justified the whole system , also predicted its ultimate stagnation and breakdown . Not until the great postwar boom in the two decades ...
... Ricardo's day . For the very Ricardian laws of comparative advantage and diminishing returns , which justified the whole system , also predicted its ultimate stagnation and breakdown . Not until the great postwar boom in the two decades ...
Contents
General Considerations | 3 |
Main Issues within the Atlantic | 85 |
Basic Balance of Payments 1970 | 98 |
Copyright | |
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abroad agricultural Ameri American policy Atlantic Community Atlanticism Atlanticist billion bloc Britain British Canada capital commercial Common Market competition corporations costs currency devaluation developed countries direct investment domestic dominant economic and political economic efficiency economic policy economic system economists EFTA Empire Eurodollar Europe's European Community exchange exports federalism foreign investments France free trade GATT Gaulle Germany growing growth hegemony Hence ideal imperial imports increasingly indifference curve industrial integration interdependence interests international economic Japan Japanese Kennedy Round Latin America less liquidity major manufactures ment mercantilist military millions of U.S. modern monetary system multinational nation-state nomic official overseas percent plural postwar Prebisch preferences production protectionism rates regional reserve reserve currency Ricardo role seemed social society special drawing rights Table tariffs Third World Third-World countries tion Trade Policy trade surplus U.S. dollars UNCTAD union United Western Europe Williams Report