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Robert Pringle's The Money Trap looks deeply at the fundamental problems of reforming the international monetary system to expand the politically feasible and economically viable alternatives open to countries. Since the end of Bretton Woods, the world economy has not had rules that guided markets toward an efficient equilibrium that benefitted large and small countries. Pringle shows why current international arrangements repeatedly bring crises.
Allan Meltzer University Professor of Political Economy, Carnegie Mellon University, Pittsburgh