Monograph advocating a total reconsideration of classical economic theory, as advanced by david ricardo, in order to resolve problems relating to the present day economic system - discusses and compares various theories relating to competition, capital, labour markets, financial…
The author, a noted economist and diplomat, traces the evolution of money and the institutions and techniques for its management and mismanagement from Lydian coinage to 20th century inflation.
Eichengreen argues that the gold standard of the 1920s set the stage for the Depression of the 1930s by heightening the fragility of the international financial system, and was the mechanism that transmitted the destabilizing impulse from the USA to the rest of the world.
This is a reassessment of the international monetary crisis of the post-World War I period that led to the Great Depression of the 1930s. It analyzes the responses of the world economic powers to the Depression and describes how the Depression created the collapse of the world m…
