Who were the great thinkers on international finance in the mid-twentieth century? What did they propose should be done to create a stable international financial order for promoting world trade and economic growth?
This important book studies the ideas of some of the most innovative economists in the mid-twentieth century including three Nobel Laureates; great thinkers who helped shape the international financial system and the role of the World Bank and the International Monetary Fund.
Covering the period from the late 1940s up until the collapse of the fixed US dollar-gold link in 1971, the impact of Hansen, Williams, Graham, Triffin, Simons, Viner, Friedman, Johnson, Mises, Rueff, Rist, Hayek, Heilperin and Röpke is assessed. This outstanding book will prove invaluable to students studying international economics, economic history and the history of economic thought.
Table of Contents
1. Essential Elements of a Doctrinal Approach 2. The Bretton Woods Financial Order: A Distinctive Economic Doctrine 3. Alvin Hansen's Keynesian Interpretation of Bretton Woods 4. John Williams' 'Key Currency' Alternative for the International Financial Order 5. Frank Graham on International Money and Exchange Rates 6. Robert Triffin's Supranational Central Bank: A Plan to Stabilze Liquidity 7. A Chiagoan International Financial Order 8. Reconstructing the International Gold Standard 9. Salvaging the Fixed Exchange Rate Architecture: The Ideas of Roy Harrod and Robert Mundell 10. The Plurality of International Financial Architectures in the BW Era