Trade Friction and Economic Policy: Problems

This volume presents the proceedings of an international conference held in 1986, a year in which the policy frictions between Japan and the United States were particularly heated. The issues discussed herein are of broader interest than the crises reported in the daily press. The conference programme and discussions attempt to put these crises in perspective and thereby contribute to our understanding of economic policy.

Acknowledgements
Introduction
The crisis of classical political economy and attempts at reconstruction, 1870-1885
Foreigners, forerunners, and the Irish contribution to historical economics
Statistics, historical economics, and economic history
Historical economics at Oxford
W. J. Ashley: the English socialist of the chair and the evolution of capitalism
Historical economics at Marshall's Cambridge: H. S. Foxwell and the irregularity of capitalism
Economic history and neomercantilism: William Cunningham and J. S. Nicholson
W. A. S. Hewins and the Webbs: applied economics, economic history, and the LSE
Conclusion and epilogue
Notes
Selected bibliography
Index
Foreword
Preface
Introduction
Sources of Trade Friction
Restructuring the Japanese economy from a global perspective
Is the Japan problem over?
Discussions
The Japanese-US trade friction: some perspectives from the Japanese business community
Industrial policy in Japan: over and evaluation
Discussions Barbara
Macroeconomic Policy
The US and Japanese economies in the remaining Reagan years
US macroeconomic policy and trade relations with Japan
New financial aspects of the US-Japanese trade relationship
Japanese-US current accounts and exchange rates before and after the G5 agreement
Discussions
Trade Policy
Costs and benefits to the United States of the 1985 steel import quota program
Discussions
Limits of trade policy toward high technology industries: the case of semiconductors
Discussions
Index
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Trade Friction and Economic Policy: Problems and Prospects for Japan and the United States

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