Comments on the Papers on East-West Trade : 3

  • John Michael Montias
Part of the International Economic Association Series book series (IEA)


There is a notable congruence of theme and a basic agreement on outstanding issues in the papers by Professors Nove and Vajda on which I shall anchor my comments.1 This congruence, I suspect, stems from a common approach, which these two authors share with Adler-Karlssen and with other European authorities on East-West trade: they are interested in the nature of the political and economic obstacles to trade and in the ways by which they might be removed; their analysis — this applies particularly to Vajda’s paper — is sharply focussed on the liberal policies they advocate for both East and West. While most of their points are valid and many are quite perspicuous, their instrumental approach puts a special stamp on the character of their contributions.


Foreign Trade Socialist Country Hard Good Western Market Immature Country 
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  1. Harry G. Johnson, ‘Notes on Some Theoretical Problems Posed by the Foreign Trade of Centrally Planned Economies’ in International Trade and Central Planning: An Analysis of Economics Interaction, A. Brown and E. Neuberger, eds. ( Berkeley and Los Angeles, 1968 ), p. 396.Google Scholar

Copyright information

© The International Economic Association 1969

Authors and Affiliations

  • John Michael Montias
    • 1
  1. 1.Yale UniversityUSA

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