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The Term "Favorable Balance of Trade"

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  • Frank Whitson Fetter

Abstract

I. Use of the term by American economists, 621.— II. Origin of "favorable" and "unfavorable" as applied to "balance of trade," 622. — III. Meaning of "balance of trade" in Mercantilist writings, 624. — IV. New terminology of Harris and Steuart, 626.— V. The views of Adam Smith, 628.— VI. The Bullion Controversy, 630.— VII. English usage since the Bullion Controversy, 635.— VIII. Use of the term in America to 1870, 639.— IX. Changes in American usage since 1870; Conclusions, 641.

Suggested Citation

  • Frank Whitson Fetter, 1935. "The Term "Favorable Balance of Trade"," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 49(4), pages 621-645.
    • Handle: RePEc:oup:qjecon:v:49:y:1935:i:4:p:621-645.
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    Cited by:

    1. Maurice Obstfeld, 2012. "Does the Current Account Still Matter?," American Economic Review, American Economic Association, vol. 102(3), pages 1-23, May.

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