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- Title
TWO ASPECTS OF LEND-LEASE ECONOMICS.
- Authors
Rostow, Eugene V.
- Abstract
The article presents two aspects of lend-lease economics in the U.S. The author comments on economist Eugene Staley's treatment of the political and military issues presented by the problem of organizing a combined United Nations staff to allocate British, American and Canadian supplies to the ten or twelve fronts, on which the war is being conducted. Staley's discussion of combined boards brings out difficulties inherent in the task and merits and possible demerits of the steps, which have so far been taken to meet them. Lend-lease is a phrase with at least seven types of ambiguity. Lend-lease is a form of governmental procurement. One of the major purposes of the Lend-Lease Act was to require the purchasing of American supplies for nations fighting the war to be done by the country's own military, naval and maritime establishments and for agricultural and industrial materials, by civilian branches of the U.S. Government. In contrast to methods used in 1917, people were deliberately limiting the number of large purchasers in the domestic markets. In part the objective was educational.
- Subjects
UNITED States; INTERNATIONAL economic assistance; LEND-lease operations (1941-1945); ECONOMIC policy; LEASES; GOVERNMENT purchasing; DOMESTIC markets; STALEY, Eugene
- Publication
American Economic Review, 1943, Vol 33, p377
- ISSN
0002-8282
- Publication type
Article