The Mixed Economy in an International Context

Brian Hindley
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Brian Hindley: University of London

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Abstract: Abstract This paper is about international trading problems and the mixed economy, so I should start by making plain my belief that there is no inherent logical connection between the two. In principle, incentives to managers and workers in nationalized industries and firms could be structured in such a way that their actions would be similar to those of the managers and workers in privately owned joint stock companies. Trade policies — tariffs, subsidies, and so on — then would have approximately the same effect on state-owned as privately owned companies, and the reactions to trading opportunities of the two would not systematically vary.

Keywords: International Trade; Real Wage; Trade Flow; International Context; Subsidy Programme (search for similar items in EconPapers)
Date: 1982
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-07419-8_11

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DOI: 10.1007/978-1-349-07419-8_11

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