National Income, National Expenditure and the Balance of Payments

This article, which was published in two parts in The Economic Journal, vol. 58 (December 1948), pp. 483–505, and vol. 59 (March 1949), pp. 17–39, was written, according to Meade, ‘largely as a by-product of work … under the auspices of the Royal Institute of International Affairs in preparing a volume on “International Economic Policy”’ (The Theory of International Economic Policy, Volume I: The Balance of Payments, London: Oxford University Press, 1951).