Money and the Nation State
The Financial Revolution, Government and the World Monetary System
- 454 pages
- English
- ePUB (mobile friendly)
- Available on iOS & Android
Money and the Nation State
The Financial Revolution, Government and the World Monetary System
About This Book
Monetary and banking problems in the world today arise not so much from the failure of specific policies as from more deep-seated problems in institutional structures. Individuals clearly make mistakes and legislatures make bad laws, but the institutions from which decisions and laws emanate determine the effectiveness of social operations and the value of social decisions. Unless we change the present institutional structure, we are not likely to get stable solutions to today's most serious problemsāongoing and often erratic inflation and serious banking instability. Money and the Nation State examines the history of modern monetary and banking arrangements, some of the major monetary and banking problems, and options for meaningful reform.
The common theme of all the essays is that current arrangements result less from the accomplishments of great men than man-made institutions that society has inheritedācentral banks and "the legal and regulatory frameworks that accompany them. The contributors emphasize the impact of political interference on the workings of monetary and financial institutions. Not surprisingly, they find many problems arise because politically generated structures are inappropriate to the real needs of the individuals and groups they are meant to serve. Money and the Nation State provides an essential framework for those willing to return to first principles in thinking about the role of monetary institutions in economic life. Economists, financial theorists, and the interested citizen will find it stimulating reading.
Frequently asked questions
Index
Table of contents
- Cover
- Half Title
- Title Page
- Copyright Page
- Table of Contents
- Foreword
- Introduction
- I. The History of the Modern International Monetary System
- II. Modern Money and Central Banking
- III. Foundations for Monetary and Banking Reform
- About the Editors and Contributors
- Index