Essays on economic policy / John Marcus Fleming ; preface Jacques J. Polar, Gottfried Haberler, Lord Robbins, James E. Meade, R.A. Mundell, Jacques J. Polak and Fritz Machlup.

Preface, ix -- Biography of John Marcus Fleming, C.M.G. Commemorations, xi -- Gottfried Haberler, xiii -- Lord Robbins, xv -- James E. Meade, xvii -- R. A. Mundell, xviii -- Jacques J. Polak, xx -- Fritz Machlup, xxiv -- 1. Determination of the rate of interest, 1 -- 2. Price and output policy of state enterprise, 10 -- 3. A cardinal concept of welfare, 30 -- 4. Cardinal welfare and individualistic ethics: a comment, 50 -- 5. Optimal production with fixed profits, 55 -- 6. External economies and the doctrine of balanced growth, 81 -- 7. Rejoinder to professor nurske, 103 -- 8. The bearing of noncompetitive market conditions on the problem of inflation, 106 -- 9. Developments in the international payments system, 136 -- 10. Targets and instruments, 160 -- 11. Reserve creation and real reserves, 177 -- 12. Special drawing rights: some problems and possibilities, 211 -- 13. On exchange-rate unification, 233 -- 14. Toward a new regime for international payments, 261 -- 15. Dual-exchange markets and other remedies for disruptive capital flows, 290 -- 16. Reflections on the international monetary reform, 319 -- 17. Floating exchange rates, asymmetrical intervention, and the management of international liquidity, 337 -- 18. Mercantalism and free trade today, 361.