A Hard Look at America's Unfavorable Balance of Payments

@article{Stein1960AHL,
  title={A Hard Look at America's Unfavorable Balance of Payments},
  author={H. Stein},
  journal={The Annals of the American Academy of Political and Social Science},
  year={1960},
  volume={330},
  pages={77 - 85}
}
  • H. Stein
  • Published 1960
  • Economics
  • The Annals of the American Academy of Political and Social Science
The theory, so widely held by economists in the postwar era, of the "dollar gap" or dollar shortage has been invalidated. The evidence is clear. The dollar is not always subject to scarcity but to excess supply as well. There is need for no better verification than the deficit in the United States balance of payments. The immediate reaction to this deficit was twofold: there were those fearful lest the deficit continue, and those afraid that the measures taken to counteract the deficit would be… Expand
1 Citations
Index To Subjects, Contributors, and Names
  • 1960
Aboriginal populations, 306: 2-3, 92-96 Abyssinia, 310: 168 Acculturation, 311: vii, 98, 113, 137-146, 151; 332: 38, 47, 55, 82, 126-134, 154 Anglo-American racial attitudes, 311: 144, 145Expand