Financial Markets and Economic Nationalism

Nicolas Krul

Chapter 6 in The New Economic Nationalism, 1980, pp 97-115 from Palgrave Macmillan

Abstract: Abstract Money and finance are an essential part of power. Financial markets had become subject to government management well before Keynes’ famous statement in the ‘End of Laissez-Faire’: My second example relates to savings and investment. I believe that some coordinated act of intelligent judgement is required as to the scale on which it is desirable that the community as a whole should save, the scale on which these savings should go abroad in the form of foreign investments and whether the present organisation of the investment market distributes savings along the most nationally productive channels. I do not think that these matters should be left entirely to the chances of private judgement and private profits, as they are at present.

Keywords: Exchange Rate; Interest Rate; Monetary Policy; Capital Market; Financial Market (search for similar items in EconPapers)
Date: 1980
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DOI: 10.1007/978-1-349-04527-3_7

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