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Meade Conflict information


Meade Conflict refers to a dilemma where an economy faces conflict between its internal and external balances. The phenomenon was proposed by the British economist and Nobel Prize Laurent James Meade in his influential book The Theory of International Economic Policy – The Balance of Payments (1951).[1] Trevor Swan developed this problem into Swan diagram, which became more influential in the economic theory.[2] The discovery has also led to other models such as Tinbergen's Rule.

  1. ^ Vera, Leonardo (15 September 2009). "Conflict inflation: an open economy approach". Journal of Economic Studies. 37 (6): 597–615. doi:10.1108/01443581011086648.
  2. ^ Vines, David; Weale, Martin (1 November 2009). "JAMES MEADE". The Economic Journal. 119 (November 2009): F423–F429. doi:10.1111/j.1468-0297.2009.02321.x.

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Meade Conflict

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