IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-1-349-04478-8_9.html
   My bibliography  Save this book chapter

Collapse of Balance-of-Payments Surplus Predicted

In: Against Inflation

Author

Listed:
  • Lord Robbins

    (The London School of Economics)

Abstract

My Lords, it seems to me that there can be considerable debate among serious-minded people about the quantitative implications of the recommendations of the Committee of the noble and learned Lord, Lord Wilberforce. Are we to take the: 10.9 per cent, which has been quoted in Government circles, as a proper measure of the increase, or are we to assume, as has been assumed from time to time in the discussion this afternoon, that it was a substantially higher figure? Personally, I am inclined to the latter view. I find it difficult to believe that the so-called lead-in productivity incentives are to be ignored when we are trying to estimate the net effect on aggregate expenditure in relation to output of what was recommended. I therefore tend to think (and I regret to say it) that the award in fact somewhat increases inflationary pressures.

Suggested Citation

  • Lord Robbins, 1979. "Collapse of Balance-of-Payments Surplus Predicted," Palgrave Macmillan Books, in: Against Inflation, chapter 9, pages 41-45, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-04478-8_9
    DOI: 10.1007/978-1-349-04478-8_9
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-1-349-04478-8_9. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.