The Gold Standard In Theory And History

Since the successful first edition of The Gold Standard in Theory and History was published in 1985, much new research has been completed. This updated version contains five new essays including post-1990 literature on exchange rate target zones; a discussion of the light shed by the gold standard on the European Monetary Union debate; and a new introduction by Professor Eichengreen with Marc Flandreau. This will be an invaluable resource for students of macroeconomics, international economics and economic history at all levels.

Reviews:

Eichengreen and Flandreau put together a tour-de-force through the most intriguing meanders of the gold standard, a monetary system governing world trade and payments from 1870 to World War II. From the simple and powerful analysis of Hume in the eighteenth century, the book features many contributions from the most influential architects of the system. Keynes, Nurkse and Triffin speak from its pages. Also, contemporary leading economists, with the perspective that only history provides, analyze it in hindsight. A must have for the economic historian and the monetary economist.