Discussion of the Paper by Professor Kindleberger

Charles P. Kindleberger and Andrew Shonfield

A chapter in North American and Western European Economic Policies, 1971, pp 503-517 from Palgrave Macmillan

Abstract: Abstract Professor Sohmert said that in the first part of his paper Professor Kindle- berger held that arguments for ‘cosmopolitan’ policy solutions were economic; arguments against were mostly political. Many countries and their inhabitants had different preferences. There was a case for allowing them to pursue these to some extent, even if this led to non-optimal results in purely economic terms.

Keywords: Exchange Rate; Monetary Policy; Comparative Advantage; Multinational Corporation; Currency Area (search for similar items in EconPapers)
Date: 1971
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Persistent link: https://EconPapers.repec.org/RePEc:pal:intecp:978-1-349-01098-1_33

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DOI: 10.1007/978-1-349-01098-1_33

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