Disagreement on appropriate policies to reduce the American balance of payments deficit has been a major source of friction between the US, on the one hand, and the Federal Republic of Germany and Japan, on the other. Against this background Professor Bronfenbrenner Presents a theoretical...

This paper sets the general consumer interest in abundance (avoiding monopoly) against the general producer interest in income (avoiding monopsony, with its analogues in the theory of international trade [consumer interests for free trade, producer interests for protection]. Postulating an...

Disagreement on appropriate policies to reduce the American balance of payments deficit has been a major source of friction between the US, on the one hand, and the Federal Republic of Germany and Japan, on the other. Against this background Professor Bronfenbrenner Presents a theoretical...