A 1957 James Meade Paper On The Effect Of A Free-Trade Area On Full Employment

I came across this interesting paper by James Meade arguing that free-trade might not be consistent with full employment for Europe.

Although James Meade’s argument isn’t perfect, the fact that he’s asking such questions implies that such ideas were known at the time. Totally forgotten now by economists. Another example is the Treaty Of Rome, from the same year, which had a full chapter on ensuring balance-of-payments “equilibrium”!

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