The Size of the Economy and Its Relation to Stability and Steady Progress: II

  • G. Leduc
  • J. Weiller
Part of the International Economic Association Conference Volumes book series (IEA)


The subject which has been assigned to us is defined by the title of this paper. But if any fruitful discussion is to follow this paper, it would seem indispensable to try to define its purport more closely. We find more explicit indications in the comments attached to the Programme of this Round Table, where the problems are formulated thus: ‘ How far is a large nation more stable than a small one: (a) in consequence of a smaller dependence on international trade in general; (b) in consequence of a smaller dependence on its ability to sell a small range of exported goods; (c) in consequence of wider opportunities for adjusting its economy to changes in both markets and technologies?… How far does a small nation have an advantage in its capacity to adjust more quickly its policies to changing conditions?’


International Trade World Trade Foreign Market Small Country Capital Formation 
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  1. 1.
    Simon Kuznets, ‘The State as a Unit in the Study of Economic Growth’, Journal of Economic History, 1951, pp. 25 et seq.Google Scholar
  2. 1.
    We may recall the discussions of the International Economic Association’s Round Table on Economic Progress, at Santa Margherita Ligure, September 1953, in Economic Progress, L. Dupriez, Ed., Louvain, 1955. See also Simon Kuznets, ‘International Differences in Income Levels’, Chapter 8 of Economic Change, New York, 1953, especially pp. 233–37.Google Scholar
  3. D. Patinkin, ‘Multiple Plant Firms, Cartels and Imperfect Competition’, Quarterly Journal of Economics, February 1947.Google Scholar
  4. 2.
    See particularly M. Byé, ‘L’Auto-fïnancement de la grande unité interterritoriale et les dimensions temporelles de son plan’, Revue d’Économie Politique, 1957 (Report to the Congress of French-speaking Economists, Paris, May 1957).Google Scholar
  5. 1.
    François Perroux: ‘On the Differences between Business Cycle Policies and Balanced Growth Policies’, Stability and Progress in the World Economy, London, Macmillan, 1958. See p. 123, footnote (1), with reference to Leontief’s description of the effects of the export of automated units to under-developed countries. As regards the conditions of instalment, self-financing, and more generally the policies of large firms, see also M. Byé, footnote (2), p. 212 above.Google Scholar

Copyright information

© International Economic Association 1960

Authors and Affiliations

  • G. Leduc
    • 1
  • J. Weiller
    • 1
  1. 1.University of ParisFrance

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