New Books in World Affairs
Perry Mehrling, "Money and Empire: Charles P. Kindleberger and the Dollar System" (Cambridge UP, 2022)
Jun 2, 2023
Charles P. Kindleberger, renowned economist, discusses the evolution of the dollar system, its history, and the views of economists towards it. He reflects on the monetary side of the economy and the foundations of monetary theory. The interview explores Kindleberger's work, interests, and contemporary issues like the gold-backed dollar and the Bretton Woods agreement. It also delves into the emergence of the dollar system, the translation of Kindleberger's ideas by economists, and the challenges faced by the global dollar system.
58:51
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Quick takeaways
- Charles Kindleberger viewed the dollar as a key currency in a unified global monetary system and believed in its role in promoting economic growth and stability.
- Kindleberger emphasized the need for an international lender of last resort, like the Federal Reserve, to prevent economic crises and highlighted the importance of understanding past crises to shape economic theory and policy.
Deep dives
Charlie Kindleberger's Life and Intellectual Journey
In this podcast episode, Perry Maryland, professor of International Political Economy at Boston University, discusses the life and work of Charles B. Kindleberger. Kindleberger was part of the American institutionalist tradition and dedicated his career to understanding the monetary side of the economy. He studied historical figures like Alan Young, Alvin Hansen, and Ed Shaw, who contributed to the unique American institutionalist approach to monetary economics. Kindleberger believed in the importance of a unified global monetary system and saw the dollar as a key currency in that system. He aimed to build a global dollar system that would promote economic growth and stability.
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