Get 20M+ Full-Text Papers For Less Than $1.50/day. Start a 14-Day Trial for You or Your Team.

Learn More →

The demand for travel in the national economy

The demand for travel in the national economy Fundamental notions of economic theory based on a static approach are falling into disuse, and the new dynamic economics is hampered in its progress by the belated development of social research and industrial psychology. In a sense, economists have hardly had time to digest the revolutionary Keyoensian doctrines, but already find that they are outmoded. Particularly embarrassing for present day problems is the fact that there has not been sufficient time to study fully the effects of variations in the balance of international payments on the propensity to consume and on employment. It is the policy in Western Europe, for example, to isolate the effects of a semipermanent imbalance in international payments. These countries are pledged not only to maintain but to raise the high standard of living however slightly in the immediate future. In this essay a brief attempt is made to show that travel is an important factor which research to this end cannot afford to neglect. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png The Tourist Review Emerald Publishing

The demand for travel in the national economy

The Tourist Review , Volume 4 (1): 5 – Jan 1, 1949

Loading next page...
 
/lp/emerald-publishing/the-demand-for-travel-in-the-national-economy-JjUe0GhvJH
Publisher
Emerald Publishing
Copyright
Copyright © Emerald Group Publishing Limited
ISSN
0251-3102
DOI
10.1108/eb059636
Publisher site
See Article on Publisher Site

Abstract

Fundamental notions of economic theory based on a static approach are falling into disuse, and the new dynamic economics is hampered in its progress by the belated development of social research and industrial psychology. In a sense, economists have hardly had time to digest the revolutionary Keyoensian doctrines, but already find that they are outmoded. Particularly embarrassing for present day problems is the fact that there has not been sufficient time to study fully the effects of variations in the balance of international payments on the propensity to consume and on employment. It is the policy in Western Europe, for example, to isolate the effects of a semipermanent imbalance in international payments. These countries are pledged not only to maintain but to raise the high standard of living however slightly in the immediate future. In this essay a brief attempt is made to show that travel is an important factor which research to this end cannot afford to neglect.

Journal

The Tourist ReviewEmerald Publishing

Published: Jan 1, 1949

There are no references for this article.