Abstract
Meade is one of the only four English economists to receive the Nobel Prize in Economics (in 1977, jointly with Bertil Ohlin). He was awarded it for his work in international economics — The Theory of International Economic Policy, vol. I, The Balance of Payments; vol. 2, Trade and Welfare (1951– 5) are already classics. In his Nobel lecture, Meade (1978) returned to one of the themes of these volumes, the relationship between internal and external balance, giving it a new twist in order to cope with the problems of stagflation.
Reprinted from Adam Kuper and Jessica Kuper (eds), The Social Science Encyclopaedia, London, Routledge & Kegan Paul, 1985, p. 509.
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References
Meade, J. E. (1951–5) The Theory of International Economic Policy (2 vols) vol. 1: The Balance of Payments (1951); vol. 2: Trade and Welfare (1955), Oxford.
Meade, J. E. (1965–76) Principles of Political Economy (4 vols) vol 1: The Stationary Economy (1965); vol. 2: The Growing Economy (1968); vol. 3: The Controlled Economy (1971); vol. 4: The Just Economy (1976), London.
Meade, J. E. (1978) ‘The Meaning of “Internal Balance”’, Economic Journal, 88.
Meade, J. E. et al. (1978) The Structure and Reform of Direct Taxation, London.
Further Reading
Corden, W. M. and Atkinson, A. B. (1979) ‘Meade, James E.’, in D. L. Sills (ed.), International Encyclopedia of the Social Sciences, Biographical Supplement, Vol. 18, New York.
Johnson, H. G. (1978) ‘James Meade’s Contribution to Economics’, Scandinavian Journal of Economics, 80.
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© 1993 G. C. Harcourt
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Harcourt, G.C. (1993). James Meade (1907—). In: Post-Keynesian Essays in Biography. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-12826-6_14
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