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Economic Aspects of a European Union

Published online by Cambridge University Press:  18 July 2011

Gottfried Haberler
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Extract

The idea of a European political and economic union is more popular and is being taken more seriously in the United States than in Europe. The American attitude has been well expressed in the “Declaration of Policy” of “The Foreign Assistance Act of 1948” by which Congress enacted the European Recovery Program. One section of that act reads:

Type
Research Article
Information
World Politics , Volume 1 , Issue 4 , July 1949 , pp. 431 - 441
Copyright
Copyright © Trustees of Princeton University 1949

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References

1 Section 102 (a).

2 Cambridge, Harvard University Press, 1948.

3 It is hardly necessary to demonstrate that universal free trade or, at least, all-round reduction in tariffs would be a still better and more promising method for furthering the benefits of international division of labor.

4 Washington, U. S. Government Printing Office, 1948.

5 It should be observed that some of the countries where price control, rationing, allocation of material and labor have broken down or have been abandoned, such as France, practice planning in the sense relevant here, viz., in the sense that they push, by all sorts of methods, the creation and expansion of industry in general and certain branches of industry in particular.