Monetary Regimes of the Twentieth Century

Erscheinungsjahr 2003
ISBN: 978-0-521-80169-0
Verlag: Cambridge University Press

Buch, Englisch, Band 42, 256 Seiten, Format (B × H): 157 mm x 235 mm, Gewicht: 577 g

Reihe: National Institute of Economic and Social Research Economic and Social Studies

Abstract economic theory may be timeless and potentially universal in its application, but macroeconomics has to be seen in its historical context. The nature of the policy regime, the behaviour of the economy and the beliefs of professional economists all interact, and influence each other. This short historical account of monetary regimes since 1900 shows how the role of policy has changed, and how this has related to experience of inflation and the real economy, as well as to changes in political philosophies. The narrative concentrates on developments in America, Europe and Japan from the era of the classical gold standard, via the era of policy intervention and reduced faith in the market to the present 'neo-liberal' regimes. The 'grand narrative' of the century is a journey 'to Utopia and back'. It is argued that no school of macroeconomics is right for all time; different theoretical models may be appropriate, for different periods and regimes.

Autoren/Hrsg.

Britton, Andrew

Fachgebiete

• Wirtschaftswissenschaften Volkswirtschaftslehre Internationale Wirtschaft
• Wirtschaftswissenschaften Volkswirtschaftslehre Wirtschaftspolitik, politische Ökonomie
• Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein Geschichte der VWL
• Wirtschaftswissenschaften Wirtschaftswissenschaften Wirtschaftsgeschichte
• Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein Geldwirtschaft, Währungspolitik
• Sozialwissenschaften Politikwissenschaft Regierungspolitik Wirtschafts- und Finanzpolitik
• Geisteswissenschaften Geschichtswissenschaft Geschichtliche Themen Wirtschaftsgeschichte
• Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein Wirtschaftstheorie, Wirtschaftsphilosophie

Inhaltsverzeichnis

Introduction: economics and history; 1. Before the First World War (1900-1914); 2. World War I and after; 3. Crisis and depression (1925-1939); 4. World War II and after (1939-1950); 5. The Golden age (1950-1965); 6. Policy failure (1965-1980); 7. Liberalisation (1980-1990); 8. Back to the beginning? (1990-1999).

Über Autor(innen)

Britton, Andrew
Andrew Britton has been a Visiting Professor at the University of Bath since 1998. He was Director of the National Institute of Economic and Social Research between 1982 and 1995, when he left to join the Churches' Enquiry into Unemployment and the Future of Work.