International trade and the national income multiplier / by Fritz Machlup.

Preface, v -- I. Prerequisites, 1 -- II. Assumptions—The First Model: Induced Imports— A Digression on Classical Theory, 19 -- III. The Second Model: Induced Imports and Savings— Statistical Multipliers—Time as a Variable, 36 -- IV. The Third Model: Induced Fall of Exports—The Self-Adjustment of the Foreign Balance—Invisible Items 52 -- V. The Fourth Model: Induced Imports, Exports and Saving—The Multiplier Formula Involving Two Countries—The Size of the Foreign Balance—The Revised Multiplier as a Function of Time, 64 -- VI. The Fifth, Sixth and Seventh Models: Several Countries—The Reactions in a Third Country— The Multiplier Formula Involving Three Countries, 90 -- VII. The Eighth Model: Not Autonomous but Foreign- Induced Exports—The Foreign-Induced Trade Multiplier—The Home-Investment Multiplier with Foreign Repercussions, 115 -- VIII. International Capital Movements: Accommodating, Spontaneous and Net—Trade Balance and Capital Flow: Cause or Effect – Effects on Primary Disbursements, 130 -- IX. The Ninth and Tenth Models; Inverse Changes in Investments in Two Countries—The Investment Multiplier Involving Two Countries—The Transfer Problem—The Eleventh Model: Parallel Expansion in Two Countries with Balanced Trade, 155 -- X. Apologies and Confessions, 198 -- Appendix: A. The Multiplier as a Function of Time, with Only Two Countries Involved, 219 -- B. The Multiplier Formula Involving Propensities in Three Countries, 224 -- Index, 231.