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Trade in a Non-Laissez-Faire World

In: International Economic Relations

Author

Listed:
  • Goran Ohlin

    (Sveriges Industriforbund)

Abstract

During the early discussions of post-war arrangements in the economic sphere, Keynes was profoundly dubious about the feasibility of a liberal commercial policy. In a note which according to his biographer was ‘partly meant to tease’ he wrote to one of the British negotiators in Washington: As you know, I am, I am afraid, a hopeless sceptic about this return to nineteenth century laissez-faire, for which you and the State Department seem to have such nostalgia. I believe that the future lies with— (i) State trading for commodities; (ii) International cartels for necessary manufactures; and (iii) Quantitative import restrictions for non-essential manufactures.1

Suggested Citation

  • Goran Ohlin, 1969. "Trade in a Non-Laissez-Faire World," International Economic Association Series, in: Paul A. Samuelson (ed.), International Economic Relations, pages 157-175, Palgrave Macmillan.
    • Handle: RePEc:pal:intecp:978-1-349-00767-7_21
    DOI: 10.1007/978-1-349-00767-7_21
    as

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