Harrod and Haberler Beyond The Trade Cycle: Exchanges on International Liquidity, Gold, Trade, Inflation, Monetarism and Friedman, 1961–1971

Warren Young

Chapter 9 in Economic Dynamics, Trade and Growth, 1998, pp 281-298 from Palgrave Macmillan

Abstract: Abstract In his paper ‘Roy Harrod on the price of gold’ that appeared in the Harrod Festschrift, Harry Johnson (1970, p. 260) referred to Harrod’s ‘unique powers of intuitive insight into complex problems of political economy in the broad sense … and the relevance of his arguments … and his contributions to our understanding of the issues involved’ in the international monetary situation between 1953 and 1970. As early as 1953, in his report for the IMF on the problem of the ‘imbalance of international payments’, and up to the 1970s, Harrod had implicitly advocated a rise in the dollar price of gold in order to ‘correct existing imbalances’; a view which at the time was ‘unpopular’, but one which was later justified and shown to be intuitively correct (Harrod, 1953; Johnson, 1970, pp. 266, 276–278).

Keywords: Monetary Policy; International Trade; Trade Cycle; Economic Dynamics; Factor Endowment (search for similar items in EconPapers)
Date: 1998
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-26931-0_10

Ordering information: This item can be ordered from
http://www.palgrave.com/9781349269310

DOI: 10.1007/978-1-349-26931-0_10

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().