ABSTRACT

Which of the Basic Concepts of Balance of Payments? ■ Three Reasons for Revisions and New Versions ■ The U.S. Balance of Payments in 1951 ■ The Not So Stubborn Facts of History ■ The U.S. Balance of Payments in 1959 and 1960 ■ Juggling the Items between Balance and Offsets ■ Distinctions without Much Difference ■ Modern Presentations and Debates ■ The Sense of It All