The British Balance of Payments and Problems of Domestic Policy

Alfred Kahn

The Quarterly Journal of Economics, 1947, vol. 61, issue 3, 368-396

Abstract: I. British postwar problems of adjustment, 368. — Possible avenues of escape from lower living standards, 372. — II. The government's double mandate, 374. — Comparison with the current American situation, 376. — Prospective capital shortage, 377. — III. Basic needs, 381. — Conflicting objectives, 383. — Resulting dangers: effect on exports, 386; on business incentives and voluntary savmgs, 388. — New outlooks, 390. — IV. The dilemma in terms of the balance of payments, 392. — Compromises inevitable, 393. — Conclusion, 395.

Date: 1947
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