America and the World Political Economy: Atlantic Dreams and National Realities |
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Page 130
... economic efficiency - defined as that point of special- ization where the return to no single factor of production can be increased by putting it to work in any other way . The concept of ideal economic efficiency was and is , of course ...
... economic efficiency - defined as that point of special- ization where the return to no single factor of production can be increased by putting it to work in any other way . The concept of ideal economic efficiency was and is , of course ...
Page 133
... economy which contains its own production factors and con- sumers within itself . What happens when this economy enters into trade with another which is also in an optimum state of economic efficiency ? In effect , trade simply creates ...
... economy which contains its own production factors and con- sumers within itself . What happens when this economy enters into trade with another which is also in an optimum state of economic efficiency ? In effect , trade simply creates ...
Page 138
... economy " and the welfare state . The welfare state may or may not be economically " efficient . " The money spent on social security for the aged would perhaps produce more if spent by IBM or General Motors . But economic efficiency is ...
... economy " and the welfare state . The welfare state may or may not be economically " efficient . " The money spent on social security for the aged would perhaps produce more if spent by IBM or General Motors . But economic efficiency is ...
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 exports federalism foreign investments France free trade GATT Gaulle Germany growing growth hegemony Hence ideal imperial imports income 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