Trade in a Non-Laissez-Faire World

Goran Ohlin
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Goran Ohlin: Sveriges Industriforbund

A chapter in International Economic Relations, 1969, pp 157-175 from Palgrave Macmillan

Abstract: Abstract During the early discussions of post-war arrangements in the economic sphere, Keynes was profoundly dubious about the feasibility of a liberal commercial policy. In a note which according to his biographer was ‘partly meant to tease’ he wrote to one of the British negotiators in Washington: As you know, I am, I am afraid, a hopeless sceptic about this return to nineteenth century laissez-faire, for which you and the State Department seem to have such nostalgia. I believe that the future lies with— (i) State trading for commodities; (ii) International cartels for necessary manufactures; and (iii) Quantitative import restrictions for non-essential manufactures.1

Keywords: Monetary Policy; International Trade; Trade Liberalisation; Industrial Policy; European Central Bank (search for similar items in EconPapers)
Date: 1969
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DOI: 10.1007/978-1-349-00767-7_21

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