Trade policy

[pdavidso <pdavidso@xxxxxxx>]

>===== Original Message From Clifford Poirot <cpoirot@xxxxxxxxxxx> =====
>This is very interesting. I'll be looking forward to the publication of the
>papers. Did anybody address the consequences/issues involved in alternatives
>to free trade policies-i.e. the possibility of the triumph of mercantilism
>and aggressive economic nationalism in a zero sum world?
>
>This to my way of thinking is one of the biggest quandaries-the costs of
>free trade vs. the costs of aggressiv mercantilism, or worse, autarky.
>

An alternative is my IMCU plan -- which is the 21 century update of Keynes's
clearing union-bancor plan. It permits free trade but -- free trade that does
not havedelitorious effects on domestic employment, and vun der this plan
mercantilism is impossible!!

[When the international capital markets seized up in the Fall of 1998 -- I
actually was called to the UN in Geneva for a private meeting of finace
ministers and central bankers from many countries -- besides the G7 -- so that
my IMCU plan could be discussed-- and a diplimatic format for such a proposal
be arranged. Unfortunately, while some were working on the diplomatic format,
the world was able to muddle through -- and the proposal was abandoned.]


But, of course, why should we discusss such sensible proposals -- when there
are esoteric papers presented at the New University .



Paul

Paul Davidson
Editor, Journal of Post Keynesian Economics
University of Tennessee
SMC 503
Knoxville, Tennessee 37996-0550
office phone #;(865)974-4221; office fax# (865)974-1686 or (865)974-4601
home phone and fax # (865)692-0802
email pdavidson@xxxxxxx
http://econ.bus.utk.edu/davidsonextra/Davidson.html