A history of thought on economic integration

Name: A history of thought on economic integration
Author: Machlup

1977

by Machlup

Economic IntegrationFritz MachlupInternational TradeCustoms UnionFriedrich A. HayekLudwig von MisesMarshall PlanWilhelm RopkeDivision of LaborJacob VinerJan TinbergenPublic GoodsEconomic HistoryMethodologyComparative AdvantageJoseph SchumpeterGunnar MyrdalIncome DistributionVilfredo ParetoAdam SmithDavid RicardoProtectionismFree TradeMarginal CostOpportunity CostExchange RatesExternalitiesLabor MobilityMonopolyOligopolyTerms of TradeTrade PolicyWagesGame TheoryWage RigidityEconomic DevelopmentFriedrich ListSubsidiesAutarkyProduction CostsCapital TheoryPerfect CompetitionCapital MovementsInnovationFrederic BastiatExchange ControlEuropean UnionBalance of PaymentsAccountingTaxationEquilibriumCartelsMonopolistic CompetitionWelfare EconomicsEconomies of ScaleWelfare StateBretton WoodsEuropean Payments UnionInternational Monetary FundMercantilismGustav SchmollerKarl KautskyLujo BrentanoGottfried HaberlerJohn Maynard KeynesNicholas KaldorRobert TriffinImmanuel KantJean-Jacques RousseauJeremy BenthamOtto von BismarckLorenz von SteinKlemens von MetternichNapoleon BonaparteGeopoliticsInternational LiquidityLeague of NationsPlanned EconomyPhysiocracyAlfred MarshallDavid HumeFrancis Ysidro EdgeworthJames MillJohn Stuart MillWilliam PettyPaul SamuelsonLionel RobbinsResource AllocationLiberalismInterventionismProductivityInvestmentCompetitionErich SchneiderEgalitarianismCausalityDumpingMathematical EconomicsGold StandardMonetary PolicyCentral BankingStabilizationDevaluationFiscal PolicyPublic FinanceInflationUnemploymentSpecial Drawing RightsFederal ReservePolitical Economy

Table of Contents · 168 segments

Front Matter and Contentsessay

Prefaceessay

Part One Introduction: The Term, its History, and its Meaningessay

Chapter 1: The Use of the Term in Economicschapter

Chapter 2: The Meaning of the Term and its Scopechapter

Part Two Heading: The Idea and its Different Strandsessay

Part Two Introduction: The Idea and Its Strandschapter

Chapter 3 Introduction: Economic Thought, Analysis, and Political Aimschapter

Economic Thought and Economic Analysistheoretical

Economic and Political Thoughttheoretical

Chapter 4 Opening and Division of Labourtheoretical

The Extent of the Markettheoretical

Specialisation and Comparative Advantagetheoretical

Free-Trade Doctrine: Adherence and Dissenttheoretical

Dividing the Gains from Tradetheoretical

The Optimum Tariff to Capture More of the Gainstheoretical

Market Failure as a Reason for Protectiontheoretical

Infant Industries and Developing Countriestheoretical

Self-Sufficiency, Independence, and Powertheoretical

Tariffs, Income Distribution, Labour Income, and Terms of Tradetheoretical

Equalising the Earnings of Equal Factors Through Free Tradetheoretical

Stopping the Factor-Price Equalisation Processtheoretical

Expansions and Refinements of the Factor-Price Equalisation Theoremtheoretical

Reconsidering the Assumptions Behind Factor-Price Equalisationtheoretical

Heterogeneous Factors and the Limits of Equalisationtheoretical

Equalising Labour Earnings Through International Factor Mobilitytheoretical

Backwash Effects and Inequality Through Factor Movementstheoretical

International Transfer of Technology, Know-How, and Enterprisetheoretical

Transport, Communication, and Market Integrationtheoretical

Money Transfers and International Monetary Integrationtheoretical

Optimum Currency Areas and Integration of Capital Marketstheoretical

Capital Movements and the Balance-of-Payments Adjustment Mechanismtheoretical

Tax Incentives and Disincentives for Foreign Investmenttheoretical

Combining Investment Taxes and Import Tariffstheoretical

Fiscal Integration Beyond Tax Harmonisationtheoretical

Border Tax Adjustments and Tax-Rate Inequalitiestheoretical

Forms of Regional Arrangements and Their External Effectstheoretical

Measuring the Height of Tariffs and Trade Barrierstheoretical

Competition, Forced Efficiency, Cartels, and Mergers in Common Marketstheoretical

Unions Between Weaker and Stronger Nationstheoretical

Discriminatory Liberalisation, Trade Creation, and Trade Diversiontheoretical

Economies of Scale and Trade Suppressiontheoretical

Consumption Effects, Second Best, and Two-Step Customs-Union Analysistheoretical

Investment Creation, Investment Diversion, and Multinational Corporationstheoretical

Degrees of Integration and Internal Versus External Integrationtheoretical

Interpreting Trade Ratios and Indicators of Integrationtheoretical

Methodological Distinctions in Analysing Integration Effectstheoretical

Economic Welfare, Social Welfare, and Public Goodstheoretical

Customs Unions as Compromise and Catalysts of Political Integrationtheoretical

Part Three Introduction: Classes of Contributorschapter

Chapter 5 Introduction: Historians of Customs Unions and Integration Projectschapter

Historical Eras and Areas of Integration Before and Between the World Warschapter

Postwar Worldwide and Regional Integration Arrangementschapter

Bibliography of Historical Writings: General Works and Subjects A–Ebibliography

Bibliography of Historical Writings: Subjects F–Ibibliography

Bibliography of Historical Writings: Worldwide and Western European Arrangementsbibliography

Bibliography of Historical Writings: Eastern Europe, Latin America, and the Caribbeanbibliography

Bibliography of Historical Writings: Africa, Asia, and Australiabibliography

Historians’ Predictions and Explanationschapter

Political Economists as Proponents, Promoters, and Opponents: Introduction and Early Proposalschapter

Political Economists and European Arrangements, 1814–1918chapter

Political Economists and European Customs Union Proposals, 1918–1939chapter

Political Economists and Postwar Economic and Monetary Integration, 1943–1974chapter

Statesmen, Men of Affairs, and Men of Letters: Early Integration Planschapter

Statesmen and Publicists from Napoleon to World War Ichapter

Statesmen and Integration Between the World Warschapter

Statesmen and Postwar Integrationchapter

Groups, Committees, and Organisation Staffs: Scope and Orderingchapter

Group Documents on Worldwide Economic and Monetary Arrangementsbibliography

Group Documents on European Integration, 1925–1937bibliography

Group Documents on Western European Cooperation, 1943–1949bibliography

Group Documents on Western European Cooperation, 1949–1958bibliography

Group Documents on Western European Cooperation, 1959–1975bibliography

Group Documents on Eastern European Economic Cooperationbibliography

Group Documents on Integration in the Americasbibliography

Group Documents on African Integrationbibliography

Group Documents on Asia and the Far Eastbibliography

Economic Theorists: General Guidelines for the Surveytheoretical

The Advantages of Extending the Area of Trade, 1691–1879theoretical

Eloquent Advocates of Protection or Free Tradetheoretical

Factor Prices, Endowments, Mobility, Tariffs, and Terms of Tradetheoretical

Effects of Customs Union and Other Forms of Economic Integration, 1892–1976theoretical

De Beers’s tariff-union questions (continued)essay

Kurt Rothschild on small nations and regional blocsessay

Jan Tinbergen’s phases and measures of economic integrationessay

Luigi Einaudi on European federation and tariffsessay

Charles Kindleberger on European integration, resource allocation, and investment diversionessay

Maurice Allais on European unification and Atlantic communityessay

Jean Weiller’s taxonomy of degrees of integrationessay

Herbert Giersch on location, dirigism, and European regional policyessay

Jacob Viner and the trade-creation/trade-diversion distinctionessay

Raymond Mikesell on integration policy and developing-country common marketsessay

Makower and Morton on customs unions and cost ratiosessay

James Meade’s welfare theory of customs unionsessay

Robert Marjolin on sectoral integration and the Schuman Planessay

François Perroux’s critique of traditional integration theoryessay

Petrus Verdoorn on Western Europe and Benelux integration effectsessay

Gehrels and Johnston on expected gains from European integrationessay

Franz Gehrels on consumption substitution effectsessay

100

Tibor Scitovsky on scale, competition, and small-nation disadvantagesessay

101

Gunnar Myrdal’s egalitarian conception of integrationessay

102

Lipsey and Lancaster’s general theory of second bestessay

103

Fritz Meyer on Zollpräferenzen and trade creation under finite supply elasticityessay

104

Erich Schneider on degrees of economic integrationessay

105

Richard Lipsey’s general-equilibrium theory of customs unionsessay

106

Harry Johnson on protectionism, customs unions, and public-good tastesessay

107

Sidney Dell on limits of the American example for Europeessay

108

Mordechai Kreinin on customs unions and empirical EEC trade effectsessay

109

Erik Thorbecke on regionalization in world tradeessay

110

Bela Balassa on economic integration theory and intra-industry specializationessay

111

Paul Streeten on integration as equality, liberty, and prosperityessay

112

Alexandre Lamfalussy’s scepticism about Common Market growth effectsessay

113

Hans Liesner on trade creation, trade diversion, and internal efficiencyessay

114

Pierre Uri on Atlantic partnership and harmonisation problemsessay

115

John Spraos on conditions for a trade-creating customs unionessay

116

Verdoorn and Meyer zu Schlochtern on measuring EEC trade creation and diversionessay

117

Jean Waelbroeck’s econometric assessment of Common Market trade effectsessay

118

Lawrence Krause on the Common Market and United States effectsessay

119

André Marchal on territorial integration and world integrationessay

120

Michael Michaely on Viner’s assumptions and customs-union welfare gainsessay

121

Cooper and Massell’s new look at customs-union theory for developing countriesessay

122

Jaroslav Vanek’s general equilibrium analysis of international discriminationessay

123

Edward Mishan on welfare gains from trade-diverting customs unionsessay

124

Hirofumi Shibata on customs unions, free-trade areas, and tax unionsessay

125

Richard N. Cooper on behavioral definitions of integrationessay

126

Murray Kemp on preferential trading and general equilibriumessay

127

James Rae Melvin on terms-of-trade effects in trade-diverting unionsessay

128

Nicholas Kaldor on the limited dynamic effects of the EECessay

129

Imre Vajda on socialist and capitalist integrationessay

130

Jagdish Bhagwati on trade-diverting customs unions and welfareessay

131

W. M. Corden on scale economies and nonuniform tariffs in customs-union theoryessay

132

Melvyn Krauss’s interpretive survey of customs-union theoryessay

133

Verdoorn and Van Bochove on methods for measuring integration effectsessay

134

Fritz Machlup on integration policies that hinder integrationessay

135

Edwin Truman on EEC and EFTA manufactured-products trade sharesessay

136

Kemp and Wan’s proposition on forming customs unionsessay

137

Monetary and fiscal integration, 1923–76: section introductionchapter

138

John Maynard Keynes on national autonomy versus international monetary standardsessay

139

Dag Hammarskjöld on provisional monetary blocs and elastic exchange ratesessay

140

Robert Triffin on European payments and regional monetary arrangementsessay

141

James Meade on balance-of-payments adjustment and European monetary unionessay

142

Fritz Neumark and the EEC tax harmonization reportessay

143

Carl Shoup on taxation aspects of international economic integrationessay

144

Robert Marjolin on the European Payments Unionessay

145

Gottfried Haberler on incompatible integration objectivesessay

146

Tibor Scitovsky on a common European currency and supranational authorityessay

147

James Ingram on state and regional payments mechanismsessay

148

Robert Mundell and the theory of optimum currency areasessay

149

Fritz Machlup on fixed versus flexible exchange rates and monetary unionessay

150

Gottfried Bombach on origin versus destination principlesessay

151

Hans Möller on origin and destination principles with factor movementsessay

152

Peter Kenen on capital markets, supranational monetary systems, and currency areasessay

153

Ronald McKinnon on openness and optimum currency areasessay

154

Clara Sullivan on EEC tax principles and value-added tax ratesessay

155

Douglas Dosser on tax unions, fiscal harmonization, and community budgetsessay

156

John Williamson on the crawling peg, SDR pivot, and European currencyessay

157

Stephen Marris on limited exchange-rate flexibility and the SDR denominatoressay

158

Herbert Grubel on welfare criteria for optimum currency areasessay

159

Harry Johnson on European monetary union and exchange-rate flexibilityessay

160

John Marcus Fleming on exchange-rate unification risksessay

161

Fred Hirsch on the political economics of European monetary integrationessay

162

Robert Hawkins on EEC capital movements and financial-market integrationessay

163

W. M. Corden on monetary integration, exchange-rate union, and capital marketsessay

164

Bela Balassa on European monetary integration and crawling pegsessay

165

Peter Oppenheimer on monetary union and the case for looser associationessay

166

Final annotations on monetary integration: E. Victor Morgan and Raymond Barrechapter

167

Concluding remarkessay

168

Indexbibliography