Economic theory and western European integration

Cover; Half Title; Title Page; Copyright Page; Original Title Page; Original Copyright Page; Dedication; Introduction to the Second Printing; Preface; Table of Contents; I. THE PROBABLE EFFECTS OF ECONOMIC INTEGRATION IN WESTERN EUROPE; A. Economic Organization and Relations within The Union; 1. The Effect of Union on Employment; 2. The Effect of Union on Productivity; (a) The Effects of Union on Methods of Production; (b) The Effect of Union on the Allocation of Output; (c) The Effect of Union on Investment; 3. The Distribution of Gains among Member Countries.

B. Economic Relations with the Outside World4. The Orthodox Argument; 5. An Illustration; 6. The Effect of Increased Productivity on the Terms of Trade; II. THE THEORY OF THE BALANCE OF PAYMENTS AND THE PROBLEM OF A COMMON EUROPEAN CURRENCY; A. The Theory of the Balance of Payments; 1. The Classical Theory; 2. The Income Theory; 3. Migration; 4. The Role of the Capital Market; 5. The Role of Employment Policy; B. The Problems of Currency Union; 6. The Problem of an all-European Capital Market; 7. The Problem of an Integrated Employment Policy; 8. The Adequacy of External Reserves.

C.A Note on the Concept of Adequate External ReservesIII. ECONOMIES OF SCALE, COMPETITION AND EUROPEAN INTEGRATION; 1. The Choice of a Method of Production; 2. Determinants of the Choice; (a) The Size of the Firm; (b) The Rate of Accretion of Demand; (c) The Degree of Competition; 3. Effects on Economic Development; 4. Some Likely Consequences of Integration; IV. THE DOCTRINE OF COMPARATIVE ADVANTAGE AND THE EUROPEAN COAL AND STEEL COMMUNITY; 1. The Case of Factor Immobility; 2. The Case of Factor Mobility; 3. The Problems of Integration by Sectors; Index.