The Tragedy of the Pound (Routledge Revivals): 1st Edition (Paperback) book cover

The Tragedy of the Pound (Routledge Revivals)

1st Edition

By Paul Einzig


204 pages

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First published in 1932, this book discusses the suspension of the gold standard in Britain, and the economic events surrounding September 1931. It argues that despite specific errors made by individuals, groups, and individual nations, the attempts to save the pound had little chance of recovery. Indeed, years before its collapse, powerful, fundamental factors had been eroding its stability. Hence, the author does not entirely blame the influence of French policy, or Great Britain’s political and economic decline after the war, but states that the collapse of sterling was co-ordinated by several factors of importance.

Table of Contents

Preface; 1. Introductory 2. Fundamental Causes 3. Return to Pre-War Parity 4. The Rate of Stabilization 5. International Capital Transfers 6. The "Gold Standard Game" 7. Direct Causes 8. Errors and Omissions 9. The Defence of Sterling 10. The Bank Rate Controversy 11. Suspension of the Gold Standard 12. Immediate Effects 13. International Effects 14. The Dollar "Crisis" 15. Effect on World Prices 16. Sterling v. Gold 17. Future of the Gold Standard 18. Future of the Pound 19. Political Aspect 20. Conclusion

About the Series

Routledge Revivals

Are there elusive titles that you need and have been trying to source for years but thought that you would never be able to find?

Well this may be the end of your quest – here is a fantastic opportunity for you to discover past brilliance and purchase previously out of print and unavailable titles by some of the world’s most eminent academic scholars.

Drawing from over 100 years of innovative, cutting-edge publishing, Routledge Revivals is an exciting programme whereby key titles from the distinguished and extensive backlist of the many acclaimed imprints associated with Routledge will be re-issued.

The programme draws upon the illustrious backlists of Kegan Paul, Trench & Trubner, Routledge & Kegan Paul, Methuen, Allen & Unwin and Routledge itself.

Routledge Revivals spans the whole of the Humanities and Social Sciences, and includes works by some of the world’s greatest thinkers including Emile Durkheim, Max Weber, Simone Weil, Martin Buber, Karl Jaspers and Max Beloff.

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Subject Categories

BISAC Subject Codes/Headings:
BUSINESS & ECONOMICS / Economics / General