In This Review

The Balance of Payments
The Balance of Payments
By J. E. Meade
Oxford University Press (for the Royal Institute of International Affairs), 1951, 432 pp

A very important and comprehensive treatise on the "closely related problems of preserving a balance in the financial payments between nations and, at the same time, of maintaining full employment domestically within each nation." The present volume is designed as the first of a series by the author on the theory of international economic policy.