Economic theory and Western European integration / / Tibor Scitovsky

• Record Nr.: UNINA9910790666503321
• Autore: Scitovsky Tibor
• Pubbl/distr/stampa: Oxon [England] : , : Routledge, , 2003
• ISBN: 1-136-51541-0; 0-415-60740-X; 1-315-01675-3; 1-136-51534-8
• Descrizione fisica: 1 online resource (157 p.)
• Collana: Routledge library editions. Economics. International economics ; ; IX
• Disciplina: 157
• Soggetti: European federation; Europe Economic policy
• Lingua di pubblicazione: Inglese
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Note generali: First published in 1958.
• Nota di bibliografia: Includes bibliographical references and index.
• Nota di contenuto: Cover; Half Title ; Title Page; Copyright Page; Original Title Page; Original Copyright Page; Dedication ; Introduction to the Second Printing; Preface; Table of Contents; I. THE PROBABLE EFFECTS OF ECONOMIC INTERGRATION IN WESTERN EUROPE; A. Economic Organization and Relations within The Union; 1. The Effect of Union on Employment; 2. The Effect of Union on Productivity; (a) The Effects of Union on Methods of Production; (b) The Effect of Union on the Allocation of Output; (c) The Effect of Union on Investment; 3. The Distribution of Gains among Member Countries; B. Economic Relations with the Outside World4. The Orthodox Argument; 5. An Illustration; 6. The Effect of Increased Productivity on the Terms of Trade; II. THE THEORY OF THE BALANCE OF PAYMENTS AND THE PROBLEM OF A COMMON EUROPEAN CURRENCY; A. The Theory of the Balance of Payments; 1. The Classical Theory; 2. The Income Theory; 3. Migration; 4. The Role of the Capital Market; 5. The Role of Employment Policy; B. The Problems of Currency Union; 6. The Problem of an all-European Capital Market; 7. The Problem of an Integrated Employment Policy; 8. The Adequacy of External Reserves; C. A Note on the Concept of Adequate External ReservesIII. ECONOMIES OF SCALE, COMPETITION AND EUROPEAN INTEGRATION; 1. The Choice ; of a Method of Production; 2. Determinants of the Choice; (a) The Size of the Firm; (b) The Rate of Accretion of Demand; (c) The Degree of Competition; 3. Effects on Economic Development; 4. Some Likely Consequences of Integration; IV. THE DOCTRINE OF COMPARATIVE ADVANTAGE AND THE EUROPEAN COAL AND STEEL COMMUNITY; 1. The Case of Factor Immobility; 2. The Case of Factor Mobility; 3. The Problems of Integration by Sectors; Index
• Sommario/riassunto: The union of Western Europe poses many complex and technical obstacles. Analysing the advantages as well as the difficulties, the book discusses competition and the nature and direction of the increased pressures it brings to bear upon entrepreneurial activity, through which the effects of economic union will mostly be felt.