Conclusions for Research

Steindl, Josef

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Document type:: Works

Collection:: Josef Steindl Collection

Title:: Conclusions for Research: Fassung

Author:: Steindl, Josef

Scope:: Typoskript, 13 lose Blätter

Year of publication:: 1987

Language:: English

Description:: Steindl draws some conclusions from the contributions made at the Conference on Barriers to Full Employment (Berlin, 1-3 October 1985 under the auspices of the International Institute of Management's Labour Market Policy Section).

Note:: Zusatz zum Titel fingiert. - Enstehungsdatum erschlossen.

Related work:: Steindl, Josef: New Lines of Research on the Question of Full Employment. In: Kregel, Jan; Matzner, Egon; Roncaglia, Alessandro (Hrsg.): Barriers to Full Employment. London: Macmillan 1988.

Topic:: Economic history,economic theory,current developments

Shelfmark:: S/M.55.2

Access:: Free access

4 What matters most to-day ms that interest policy is not autonomous nationally; the influence of outside financial powers, so much deplored by Keynes, is to-day formidable. Under present conditions capital streams are very difficult to control. The one country which could control them is the U.S. They could turn away capital in excess of what they need to finance their foreign balance deficit, as the Swiss have done formerly. I think that Salvati was quite right in his intervention when he observed that the international problems have not been given the role they deserve in the context of the problem of barriers to full employment. ( Perhaps this was due to the feeling that the balance of payments constraint is not crucial in Germany ). It is quite a different question however, whether one should conduct research in this direction. The competition in this field, from international organisations and personalities with long standing experience, is strong. One would enter this fray only on the basis of a very strong interest of a team of collaborators. The Guger-Walterskirchen paper suggests that studies on the finance of industry , based on the flow of funds data and on company balance sheets,, would be of very great interest. How has accumulation been financed? What did finance contribute to accumulation? We hear that banks on the European continent have contributed more than those in the U.S. and a fortiori more than in.Britain.* On the other hand high tec entrepreneurs * G.Nardozzi, Structural trends of financial systems and capital accumulation; France, Germany, Italy. Economic Papers, CEC No 14> May 1983.

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