International Monetary Economics, 1870-1960: Between the Classical and the New Classical

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This history of international monetary thought from the end of the nineteenth century to the middle of the twentieth century provides the most comprehensive survey of the literature on the theory of international finance yet produced. The author argues that progress in the field has not been linear and classifies the literature according to groupings of ideas and personalities rather than chronologically. After a brief survey of the Classical doctrines, she examines the developments of all the main schools through the Neoclassicals, the Keynesians, and the New Classicals.
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Editorial Reviews

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"The book is an important contribution to the history of economic thought. It also will be of value to specialists in international finance. Its importance, in my opinion, lies in the treatment of Keynes and the Keynesian models, and in relating them to their classical and neoclassical predecessors." Michael D. Bordo, Journal of Economic Literature

"It is an excellent history—she leads the reader expertly through the relevant literature, making this book mandatory reading for graduate students in international monetary economics....[T]he book is a skillful survey, and is highly recommended to graduate students or anyone else thinking of doing research in the field." David C. Colander, History of Political Economy

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Product Details

Table of Contents

Preface; Part I. Preliminaries: 1. Introduction; 2. The classical mainstream and the nineteenth-century monetary controversies; Part II. Stream P Part I: The Neoclassicals: 3. The beginnings of the neoclassical tradition; 4. The locus classicus of the neoclassical position; 5. The Macmillan Committee; 6. A second diversion: Keynes and the Macmillan Committee; Part III. Stream P Part II: The Anti-Neoclassicals: 7. The anti-neoclassicals; Part IV. Stream P Part III: A Policy-Oriented Academic - Keynes: 8. Indian currency and finance: a tract on monetary reform; 9. A treatise on money; 10. Late Keynes: towards Bretton Woods; Part V. Stream P Part IV: Crisis: 11. The crisis writers; Part VI. Stream F Part I: The Late Classicals: 12. The late classicals; Part VII. Stream F Part II: Ohlin:13. Ohlin; Part VIII. Stream F Part III. The Keynesian Models: 14. The keynesians I; 15. The keynesians II; Part IX. The Confluence: 16. Post-keynes: MMM; Ex post; Bibliography; Index.

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