James Meade Quotes

1907–1995 England

James Edward Meade CB, FBA (23 June 1907 – 22 December 1995) was a British economist and winner of the 1977 Nobel Memorial Prize in Economic Sciences jointly with the Swedish economist Bertil Ohlin for their "pathbreaking contribution to the theory of international trade and international capital movements."

England
Economists
Nobel laureates

Also known as: James E Meade CB FBA, James E. Meade, James E. Meade CB, FBA, James E. Meade, CB FBA, James E. Meade, CB, FBA, James Edward Meade

Random James Meade quote

4 quotes

[The same transactions are not always] entered in the same category for receiving and paying country.

Any one country can be in any of four possible disequilibrium situations. It can be (1) a surplus country with a domestic slump, (2) a surplus country with a domestic boom, (3) a deficit country with a domestic slump, or (4) a deficit country with a domestic boom.

We shall talk as if the objective of internal balance were simply that of maintaining a level of total demand for all the country’s products sufficiently high to maintain full employment, but not so high as to lead to a continuing inflation of money prices and costs.

The frontiers of knowledge in the various fields of our subject are expanding at such a rate that, work as hard as one can, one finds oneself further and further away from an understanding of the whole.

Attribution

Quotes and notes from Wikiquote: James Meade (page history), available under CC BY-SA 4.0.