A Retrospective on the Classical Gold Standard, 1821-1931 by Michael Bordo, Anna Schwartz

By Michael Bordo, Anna Schwartz

It is a well timed evaluation of the most advantageous protecting the a hundred and ten years of its operation until eventually 1931, while Britain deserted it in the course of the melancholy. present dissatisfaction with floating charges of trade has spurred curiosity in a go back to a commodity normal. The stories during this quantity have been designed to realize a greater knowing of the historic most reliable, yet in addition they throw mild at the query of even if restoring it at the present time might support remedy inflation, excessive rates of interest, and coffee productiveness development.
The quantity incorporates a assessment of the literature at the classical most excellent; experiences the adventure with gold in England, Germany, Italy, Sweden, and Canada; and views on overseas linkages and the soundness of price-level developments less than the most efficient. The articles and commentaries mirror powerful, conflicting perspectives between hte contributors on problems with relevant financial institution habit, purchasing-power an interest-rate parity, self reliant financial rules, fiscal development, the "Atlantic economy," and tendencies in commodity costs and long term rates of interest. this can be a considerate and provocative ebook.

Show description

Read or Download A Retrospective on the Classical Gold Standard, 1821-1931 PDF

Similar economic history books

U.S. Bank Deregulation in Historical Perspective

This e-book indicates how and why deregulation has reworked the dimensions, constitution and geographic variety folks banks, the scope of banking providers, and the character of bank-customer relationships. Over fresh many years the features that had made American banks various - the fragmented geographical constitution of the undefined, which limited the size of banks and their skill to compete with each other, and strict limits at the varieties of services advertisement banks may well provide - have nearly been eradicated.

Lessons from the Great Depression

Do occasions of the Nineteen Thirties hold a message for this present day? classes from the good melancholy offers an built-in view of the melancholy, masking the adventure in Britain, France, Germany, and the us. It describes the factors of the melancholy, why it was once so frequent and lengthy, and what caused eventual restoration.

Planning Problems in the USSR: The Contribution of Mathematical Economics to their Solution 1960-1971 (Department of Applied Economics Monographs)

Advantageous fabric replica in an both fantastic dw. quite and unusually well-preserved; tight, vivid, fresh and particularly sharp-cornered. ; 222 pages; Description: xx, 222 p. 24 cm. matters: Soviet Union--Economic policy--Mathematical types. , sequence: college of Cambridge. Dept. Of utilized Economics.

Railroads Triumphant: The Growth, Rejection, and Rebirth of a Vital American Force

In 1789, whilst the 1st Congress met in long island urban, the contributors traveled to the capital simply as Roman senators thousand years past had journeyed to Rome, through horse, at a speed of a few 5 miles an hour. certainly, if sea trip had enhanced dramatically because Caesar's time, overland trip was once nonetheless so gradual, painful, and costly that the majority american citizens lived all yet rooted to the spot, with few humans settling greater than 100 miles from the sea (a mere percentage lived west of the Appalachians).

Extra info for A Retrospective on the Classical Gold Standard, 1821-1931

Example text

Ford, Alec G. 1962. The gold standard, 1880-1914: Britain and Argentina. Oxford: Clarendon Press. Friedman, Milton, and Anna J. Schwartz. 1963. A monetary history ofthe United States, 1867-1960. Princeton: Princeton University Press. Jevons, William Stanley. [1863] 1884. A serious fall in the value of gold ... set forth. Reprint. In Investigations in currency and finance, ed. H. S. Foxwell. London: Macmillan. - - . [1875] 1884. An ideally perfect system of currency. Reprint. In Investigations in currency and finance.

Jevons, William Stanley. [1863] 1884. A serious fall in the value of gold ... set forth. Reprint. In Investigations in currency and finance, ed. H. S. Foxwell. London: Macmillan. - - . [1875] 1884. An ideally perfect system of currency. Reprint. In Investigations in currency and finance. See Jevons [1863] 1884. Marshall, Alfred. [1887] 1925. Memorials of Alfred Marshall. Ed. A. C. Pigou. Reprint. London: Macmillan. Michaely, Michael. 1971. The responsiveness of demand policies to balance ofpayments: Postwar patterns.

The issues they stressed included the balance-ofpayments adjustment mechanism, capital flows, and rules of the game. The balance-of-payments adjustment mechanism under the gold standard was reexamined from a Keynesian perspective by Ford, from a modern quantity-theory perspective by Friedman and Schwartz, and from the perspective of the monetary approach to the balance of payments by Williamson, Triffin, and McCloskey and Zecher. The role of capital flows was reexamined by Morgenstern and Bloomfield.

Download PDF sample

Rated 4.89 of 5 – based on 12 votes