Discussion of the Paper by Mr Maddison

  • Charles P. Kindleberger
  • Andrew Shonfield
Part of the International Economic Association Series book series (IEA)


Professor Rasmussen introduced the paper. He noted that the papers at the Round Table ranged, in terms of length, from 9 to 125 pages — the shortest, Mr Maddison’s paper, even having 3 of its 9 pages made up of tables. In the lottery organised by the Programme Chairman, Professor Robinson, it appeared on the surface that he had gained. More profound judgement, however, might show that he was in a difficult position because of the range of problems by Mr Maddison. The paper was an iceberg — the overwhelming part of the substance being below the water. Consider the table of contents one might construct out of Mr Maddison’s paper:
  1. (1)

    ‘Trends in International Trade in the Post-war Period in Historical Perspective’ — pp. 163–5;

  2. (2)

    ‘Measures of the Gain from Trade’ — pp. 165–7 a conference in its own — and worth organising);

  3. (3)

    ‘Present Trends in Policy’ — pp. 167–70;

  4. (4)

    ‘Capital Flows’ — p. 170;

  5. (5)

    ‘Conclusion’ — p. 171.



Exchange Rate Central Bank Trade Liberalisation Capital Movement International Liquidity 


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Copyright information

© International Economic Association 1971

Authors and Affiliations

  • Charles P. Kindleberger
  • Andrew Shonfield

There are no affiliations available

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