Abstract
The biggest of the big numbers of economic performance are certainly unemployment and the inflation rate. But related to these two, and of considerable importance in their own right, are the numbers measuring the economy’s performance on foreign trade and in its public sector. We look at trade in this chapter, and the public sector in the next.
‘How innocent we were!’
RONALD MACKINNON (on the benefits expected from floating exchange rates in the early 1970s)
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References
R. F. Harrod, The Life of John Maynard Keynes (Penguin, 1972), p. 354–6.
See Nicholas Kaldor, ‘The effects of devaluation on trade in manufactures’, in Collected Economic Essays’ vol. 6 (Duckworth, 1978),
and Wynne Godley, ‘Britain’s Chronic Recession — Can Anything be Done?’, in Wilfred Beckerman (ed), Slow Growth in Britain (Clarendon Press, 1979).
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© 1984 Tim Hazledine
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Hazledine, T. (1984). Trade and Exchange Rates. In: Full Employment without Inflation. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-17697-7_17
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DOI: https://doi.org/10.1007/978-1-349-17697-7_17
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-0-333-36984-5
Online ISBN: 978-1-349-17697-7
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