The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Meade, James Edward (1907–1995)

  • David Vines
Reference work entry


This article explains the part that Meade played in the creation of Keynes’s General Theory, describes his work with Keynes during the Second World War in the creation of the IMF and the GATT, and summarizes the ideas in The Theory of International Economic Policy for which Meade was awarded the Nobel Prize in 1977. It also sets out the role that Meade played in the construction of the inflationtargeting regime which became the centrepiece of British macroeconomic policymaking in the 1990s.


Absorption approach to the balance of payments Aggregate demand Balance of payments Brain drain Chamberlin, E. H. Compensation principles Consumer surplus Control theory Demand management Devaluation Domestic distortions, theory of Double-entry national accounts Dutch Disease Elasticities approach to the balance of payments Exchange rate mechanism (ERM) Factor trade Fiscal policy Fixprice models Fleming, J. M. Foreign direct investment Friedman, M. Harrod, R. F. Harrod–Domar growth model Heckscher–Ohlin trade theory Hicks, J. R. Imperfect competition Imperial preference Income–expenditure theory Incomes policy Inflation Inflation targeting Institute of Fiscal Studies (UK) Interest rates International policy coordination International trade theory IS–LM models Johnson, H. G. Kahn, R. F. Kalecki, M. Kay, J. Keynes, J. M. Keynesian Revolution King, M. Marshall, A. Meade, J. E. Monetarism Monetary policy Monetary theory of the balance of payments Money multiplier Money supply Multinational corporations Multiplier Multivariable control methods Mundell–Fleming model National income accounting New Keynesian macroeconomics New welfare economics Nominal-income targeting Non-accelerating inflation rate of unemployment (NAIRU) Open-economy macroeconomics Optimal savings rate Optimum population Phillips curve Phillips, A. W. H. Potential welfare Profit sharing Protection Ramsey model Regional free-trade areas Robbins, L. C. Robertson, D. Robinson, E. A. G. Robinson, J. V. Saving and investment Second best Sidgwick, H. Social security Sraffa, P. Stabilization bias Sterilization Sticky wages Stocks and flows Stolper–Samuelson theorem Stone, J. R. N. Supply side reform Taylor rules Taylor, J. Terms of trade Tinbergen, J. Tobin’s q Trade creation and trade diversion Unemployment Wage fixing 

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© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • David Vines
    • 1
  1. 1.