Monetary Regimes of the Twentieth Century
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Monetary Regimes of the Twentieth Century by Andrew J. C. Britton
Book DescriptionAbstract 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.
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Book DetailsISBN: 9780521801690
(228mm x 152mm x 19mm)
Imprint: Cambridge University Press
Publisher: Cambridge University Press
Publish Date: 4-Jun-2001
Country of Publication: United Kingdom
Books By Author Andrew J. C. Britton
Macroeconomic Policy in Britain 1974-1987, Paperback (September 1994)
This book is a survey of macroeconomic policy in Britain in the 1970s and 1980s.
Achieving Monetary Union in Europe, Paperback (May 1992)» View all books by Andrew J. C. Britton
A short guide to monetary union in Europe for anyone affected by the changes it may bring about. It sets the historical scene leading up to the signing of the treaty and goes on to describe how EMU will work once it is fully operational.
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Author Biography - Andrew J. C. Britton
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.
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