In This Review

International Trade and the National Income Multiplier
International Trade and the National Income Multiplier
By Fritz Machlup
Blakiston, 1943, 237 pp.

Does foreign trade promote domestic prosperity? If so, by what process? Dr. Machlup supplies the answers in this deductive study of the effects of changes in exports and imports on national income. His skillful mathematical apparatus will not prove an obstacle to anyone competent in high school algebra.