This book offers a reassessment of the international monetary problems that led to the global economic crisis of the 1930s.

... 0195101138 ) . 36 As Santayana did not say . See George Santayana ( reprint 1995 ) , The Birth of Reason and Other Essays 1. Shape 22 22 productive social mechanism — the market ( New York : Columbia University Press : 0231102771 ) .

From the establishment of the postwar international monetary system in 1944 to how the framework functions in a vastly expanded world economy, historian Harol James describes the tensions, negotiations, challenges, and progress of ...

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"Cover"--"Title"--"Copyright" -- "Contents" -- "List of Tables" -- "List of Figures" -- "Acknowledgments" -- "1 Introduction" -- "2 The Origins of Foreign Balances" -- "3 From Jekyll Island to Genoa" -- "4 Reserve Currencies in the 1920s ...

The volume also serves to summarize the findings of companion volumes in the Harvard–Korean Development Institute series on the Korean economy, also published by the Harvard University Asia Center."

None of this is to deny that debt problems, debt crises, and debt defaults occur. But these dramatic events, which attract much attention, are not the entire story. In Defense of Public Debt redresses the balance.

“Magisterial. . . . The direct and indirect influence of the Monetary History would be difficult to overstate.”—Ben S. Bernanke, Nobel Prize–winning economist and former chair of the U.S. Federal Reserve From Nobel Prize–winning ...

It describes the causes of the depression, why it was sowidespread and prolonged, and what brought about eventual recovery.Peter Temin also finds parallelsin recent history, in the relentless deflationary course followed by the U.S. Federal ...