Charles Kindleberger ranks as one of the twentieth century's best known and most influential international economists. This book traces the evolution of his thinking in the context of a 'key-currency' approach to the rise of the dollar system, here revealed as the indispensable framework for global economic development since World War II. Unlike most of his colleagues, Kindleberger was deeply interested in history, and his economics brimmed with real people and institutional details. His research at the New York Fed and BIS during the Great Depression, his wartime intelligence work, and his role in administering the Marshall Plan gave him deep insight into how the international financial system really operated. A biography of both the dollar and a man, this book is also the story of the development of ideas about how money works. It throws revealing light on the underlying economic forces and political obstacles shaping our globalized world.
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Money and Empire: Charles P. Kindleberger and the Dollar System
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Money and Empire: Charles P. Kindleberger and the Dollar System
‘Mehrling’s book … gives such a meticulous and so elegant analysis of Kindleberger’s work that it paints with clear and precise strokes the life, works, and activities of a man who could be said to have lived as many as three different lives: first as a politician, able to influence the process of shaping American policy, then as an economist expert on the international monetary system, and finally as a great economic historian. All this always keeping the functioning and history of money as a central point.’ Albertina Nania, History of Economic Thought and Policy
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