Man, Money, and Goods

By John S. Qambs; William Snyder | Go to book overview

16. AMERICAN DOLLARS AND
WORLD GOODS

FOREIGN TRADE IS IMportant to some nations and relatively unimportant to others. In the large, poor, overpopulated nations of the East there is but a small surplus to export—if one thinks of the hundreds of millions of people concerned—and they are too poor to import. It is doubtful whether one dollar's worth annually, per person, has ever come from abroad into these areas. The comparable American figure is about twelve dollars a year (before the Second World War). Even this relatively large American figure is low compared with the figures of nations that depend greatly on food from abroad, like the British. We are so nearly self-sufficient, our resources and skills are so versatile, that we rely to a comparatively slight degree on imports. Nevertheless, the things we do import, like chrome and rubber and some drugs, are crucial items in our economy. Certain other countries, though their per capita trade figure is low, are cruelly dependent on exports to the foreign market, and on the export of only one commodity. Brazil relies painfully on a good coffee market and her welfare depends perhaps rather too exclusively on

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Man, Money, and Goods
Table of contents

Table of contents

  • Title Page *
  • Preface *
  • Contents *
  • Part One - Introductory *
  • 1 - Definitions First *
  • 2 - Rich World, Poor World *
  • Part Two - Standard Economic Theory *
  • 3 - Introduction to Standard Economic Theory *
  • 4 - Values and Prices *
  • 5 - The Price of Labor, Land, and Capital *
  • 6 - Recent Trends in Standard Theory *
  • 7 - Evaluation of Standard Theory *
  • Part Three - Dissenting Economic Theory 120
  • 8 - Introduction to Dissident Theory *
  • 9 - What Marx Meant *
  • 10 - Thorstein Veblen *
  • 11 - Evaluation of Dissident Theory *
  • Part Four - Special Problems 174
  • 12 - Boom and Bust *
  • 13 - Money *
  • 14 - The Banker's Job *
  • 15 - As Sure as Taxes *
  • 16 - American Dollars and World Goods *
  • Part Five - Conclusion *
  • 17 - What Next? *
  • Bibliography *
  • Index *
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