Monetary Regimes of the Twentieth Century
Publisher: Cambridge University Press
Published: June 4, 2001
Language: eng
Format: Hardcover
Number of pages: 256
ISBN-13: 9780521801690
Subjects: Economic History; Economic theory & philosophy; International economics; Monetary economics; Political economy; History; Business/Economics; Business & Economics; Business / Economics / Finance; Money & Monetary Policy; Monetary policy; Business & Economics / Economic History; Business & Economics / Money & Monetary Policy; Business & Economics-Economic History; Economics - Theory; 20th century; Money
First sentence: At the start of the century the currencies of almost all countries were linked to gold.
Description: "Abstract economic theory may be timeless and potentially universal in its application, but macroeconomics has to be seen in its historical context. The nature of the policy regime, the behaviour of the economy and the beliefs of professional economists all interact, and influence each other. This short historical account of monetary regimes since 1900 shows how the role of policy has changed, and how this has related to experience of inflation and the real economy, as well as to changes in political philosophies."

"The narrative concentrates on developments in America, Europe and Japan from the era of the classical gold standard, via the era of policy intervention and reduced faith in the market to the present 'neo-liberal' regimes. The 'grand narrative' of the century is a journey 'to Utopia and back'. It is argued that no school of macroeconomics is right for all time; different theoretical models may be appropriate."--Jacket.
Notes: National Institute of Economic and Social Research Economic and Social Studies