Some ‘Scandals’ of International Economics

Martin Bronfenbrenner

Chapter 19 in Protection, Cooperation, Integration and Development, 1987, pp 285-300 from Palgrave Macmillan

Abstract: Abstract Accidents of personal academic history barred me — or so I believed —from international economics early on. Not having studied the subject as an undergraduate, I did not do well in the redoubtable Jacob Viner’s graduate sequence at Chicago in the mid-1900s. What brought me back to the field were two policy issues of the immediate post-war period a dozen years later — the allegedly-permanent ‘dollar shortage’ and the alleged impossibility of Japanese return to balanced international payments at or above the country’s pre-war standard of living. These were joined in the early 1950s by another ‘Japanese’ issue — the questionable relevance of Meiji Era development experience to the problems of Asian and Latin American LDCs a century later. To make a long story short, I began teaching international economics in the early 1960s, and have continued to do so at intervals ever since.1 But I remain more nearly self-taught in theoretical aspects than are most international economists of my acquaintance, and therefore limit my teaching to the undergraduate level. I beg your kind indulgence insofar as my criticism of the conventional wisdom of international economics betrays mainly my own ignorance of the relevant literature.

Keywords: Fair Trade; Free Trade; Gross National Product; Export Subsidy; Official Development Assistance (search for similar items in EconPapers)
Date: 1987
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DOI: 10.1007/978-1-349-09370-0_19

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