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An Orthodox Appraisal of the ‘Employment-Tariff’ Proposition

In: Trade Theory and Policy

Author

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  • Ali M. El-Agraa

Abstract

In Chapter 3, Godley’s protectionism was discussed in macroeconomic terms. As stated there, it is rather odd that a one-period (short-to-medium term) Keynesian framework should be employed to formulate a long term stable equilibrium model. Therefore, in spite of Godley’s assertions to the contrary, the application of neo-classical concepts for an appraisal of his proposition is inevitable. The purpose of this chapter is to do precisely that in a brief and concise fashion — see Chapter 5 for a political economy approach.

Suggested Citation

  • Ali M. El-Agraa, 1984. "An Orthodox Appraisal of the ‘Employment-Tariff’ Proposition," Palgrave Macmillan Books, in: Trade Theory and Policy, chapter 4, pages 44-53, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-06943-9_4
    DOI: 10.1007/978-1-349-06943-9_4
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