James E. Meade | Planning and the Price Mechanism
Planning and the Price Mechanism
by James Edward Meade (Author)
ASIN : B000LF92US
Publisher : George Allen & Unwin Ltd; First Edition (January 1, 1948)
Language : English
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First published in 1948, this book outlines a solution to contemporary economic problems in the post-war years. This solution aims to make the best use of our price mechanism, free initiative and competition, but also involves the socialization of certain monopolistic concerns and the state control of the price mechanism in such a way as to maintain full employment, to achieve an equitable distribution of income and property, and to restore equilibrium to our balance of payments. It is an outline of that middle way which the author calls the Liberal-Socialist solution.
Author：
James E. Meade
James Edward Meade (23 June 1907 – 22 December 1995) was a British economist who made major contributions to the theory of international trade and welfare economics. Along with Richard Kahn, James Meade helped develop the concept of the Keynesian multiplier while participating in the Cambridge circus. In the 1930s, he served as specialist adviser on behalf of the British government at the Economic and Financial Organization of the League of Nations.
Critics' Reviews
‘Altogether this is a valuable little book which should make not only the rationale of enlightened Socialism and the mechanics of planning, but the nature of Britain’s present economic dilemma a good deal clearer to its readers.’ – The Spectator
‘As usual we get great lucidity of treatment from Professor Meade, together with a high sense of responsibility on the important role the economist must play … in resolving the problems of economic policy in a controlled economy.’ – D. B. Copland, Economic Record