6 articles in this issue
H. PHELPS BROWN
The paper is a contribution to a series of recollections and reflections on the professional experiences of distinguished economists which the Banca Nazionale del Lavoro Quarterly Review started in 1979. In it Henry Phelps Brown looks back to reflect on t... see more
G.L.S. SHACKLE
The article briefly summarises the history of economic thought from Quesnay to the 1920s-30s focusing on the pre-analytical vision and essential questions answered by economists at different times. It specifically draws the main ideas and themes that conn... see more
R. TRIFFIN
The work argues that neither stable, nor floating exchange rates can function satisfactorily in the absence of any international control, and restraints, over the fantastic explosion of international liquidity provided to the market, in recent years, by t... see more
G.A. KESSLER
The work deals with the process of international bank lending and with the policy implications for monetary management. The author argues that foreign bank credit expansion has (or is likely to) become an important monetary factor. The macro and micro asp... see more
J. AHMAD
The basis for reciprocal concessions in the process of multilateral trade liberalisation is firmly established for fixed exchange rate regimes. The move from fixed to flexible exchange rates suggests that commercial policy negotiations and indeed trade li... see more
C.W. LAWSON
The article provides a re-examination of Lancieri’s recent findings on export instability and his claim that there was no decline in developing countries from 1950 to 1972. The author concludes that there was indeed a mild decline and that Lancieri’s find... see more